Properties / 1912 E Owens Lake Drive
FHA ASSUMABLERate: 4.17%

1912 E Owens Lake Drive

$315,900
Fort Mohave, AZ 86426
3 beds2 baths1,802 sqftSingle Family
The assumable advantage
4.17%
FHA assumed rate
$50,243 interest already paid off
Estimated Loan Balance$269,804
Cash to close$48,943
Est. Monthly PITI$1,913
Initial Loan Amount$288,970
Time on site36 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$46,096
Cash or secondary financing
Monthly savings
$437
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

DARLING HOME WITH 3 BEDROOMS, 2 BATHROOMS, PLUS LARGE BONUS ROOM LOCATED IN THE DESIRABLE FAIRWAY ESTATES. ON AN OVER-SIZED 7405 SQ FOOT LOT, THIS HOME FEATURES BRIGHT OPEN KITCHEN WITH CENTER ISLAND DINING. SOLID SURFACE COUNTERS. PLENTY OF CABINETS AND LARGE PANTRY. CASUAL DINING AREA WITH PICTURE PERFECT WINDOWS TO THE BACK YARD. OPEN FLOOR PLAN LEADS TO SPACIOUS LIVING ROOM. LARGE PRIMARY SUITE....SPA-LIKE PRIMARY BATH WITH HUGE CLOSET, DUAL SINK VANITY, SPEARATE WATER CLOSET, AND CULTURED MARBLE WALK-IN SHOWER. TWO GOOD SIZED GUEST BEDROOMS AND FULL GUEST BATH WITH TUB/SHOWER COMBO. BIG BONUS ROOM CAN BE CONVERTED INTO A 4TH BEDROOM. BACK YARD IS FULLY FENCED. COMMUNITY AMENITIES FEATURE GIANT SWIMMING POOL, SPA, PLAYGROUND, TENNIS COURTS, GREEN BELTS, AND A BIG CLUBHOUSE WITH KITCHEN, LIBRARY, RESTROOMS. JUST A STONE'S THROW FROM THE COLORADO RIVER, LAKE MOHAVE, LAUGHLIN, SHOPPING, DINING, MEDICAL, AND SCHOOLS.

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $46,096. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms3
Bathrooms2
Square feet1,802
Property typeSingle Family
MLS #037293
CountyMaricopa County
Assumable loanFHA
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Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$1,426/mo
Source est. payment (PITI)
$1,913/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$46,096

Asking price minus remaining loan balance. Closing costs are additional.

$0$46,096
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.