Properties / 3870 N DOWLING Court
FHA ASSUMABLERate: 4.03%

3870 N DOWLING Court

$222,500
Prescott Valley, AZ 86314
2 beds2 baths841 sqftSingle Family
The assumable advantage
4.03%
FHA assumed rate
$34,458 interest already paid off
Estimated Loan Balance$91,092
Cash to close$131,846
Est. Monthly PITI$799
Initial Loan Amount$109,483
Time on site50 days
Remaining Term21 years, 6 months
Seller's equity (what you pay)
$131,408
Cash or secondary financing
Monthly savings
$784
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Ready to live in right away, 2 bdrm, 2 bath home in the heart of Prescott Valley, no HOA, no Land Lease, No Age restrictions.....and it backs up to a large open property owned by a church. Built in 2018, the home has a split bedroom floor plan and comes with a complete appliance package. Lots of parking, and room for trailer parking on the concrete nearest the back door. All city utilities. Includes a storage shed. Front yard is gated for privacy. Great location! Elevation at 5,000 ft for cooler summer temps. There is not an a/c system, but window units would do a great job here. This is the sale of an estate property, so being sold as-is.

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 $131,408. 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

Bedrooms2
Bathrooms2
Square feet841
Property typeSingle Family
MLS #7056333
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)
$528/mo
Source est. payment (PITI)
$799/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$131,408

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

$0$131,408
Additional funds needed$0

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