Properties / 1694 Williams Drive
FHA ASSUMABLERate: 3.07%

1694 Williams Drive

$189,749
Bullhead City, AZ 86442
2 beds2 baths1,439 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$18,195 interest already paid off
Estimated Loan Balance$120,454
Cash to close$71,828
Est. Monthly PITI$832
Initial Loan Amount$131,308
Time on site36 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$69,295
Cash or secondary financing
Monthly savings
$547
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

THE VIEW IS THE DIFFERENCE. Set above the surrounding neighborhood, this 1,439-square-foot, 2-bedroom, 2-bath home combines panoramic mountain and desert views with outdoor space designed for Bullhead City living. A full-length covered patio creates a shaded second living area, while the long tandem carport provides covered parking for multiple vehicles. The gated drive, low-maintenance yard and workshop/storage shed add practical room for vehicles, tools and hobbies. Out back, a raised deck was built around a former above-ground pool, giving the next owner a head start if a new pool is desired. Inside you'll find a generous living area, casual dining, breakfast bar, gas range, walk-in closets and an oversized utility/laundry room. Major improvements include a 2024/25 HVAC and FHA tie-downs installed in 2021. No HOA and no lot rent you own the land. Convenient to shopping, medical services, the Colorado River, Lake Mohave and Laughlin.

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 $69,295. 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 feet1,439
Property typeSingle Family
MLS #033859
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)
$572/mo
Source est. payment (PITI)
$832/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$69,295

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

$0$69,295
Additional funds needed$0

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