Properties / 2116 Washington Street
FHA ASSUMABLERate: 6.43%

2116 Washington Street

$249,999
Kingman, AZ 86401
3 beds2 baths1,402 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$36,618 interest already paid off
Estimated Loan Balance$176,708
Cash to close$73,494
Est. Monthly PITI$1,425
Initial Loan Amount$183,150
Time on site36 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$73,291
Cash or secondary financing
Monthly savings
$322
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Welcome to this beautifully updated 3 bedroom, 2 bath home featuring thoughtful renovations and modern finishes throughout. The interior has been extensively remodeled within the past three years, creating a move-in ready space with both style and functionality. The kitchen and bathrooms showcase solid surface countertops, while the primary bathroom offers a beautifully tiled walk in shower. The guest bathroom features a tiled tub surround and an upgraded vanity with a convenient pull-out storage drawer designed specifically for hair tools and styling accessories. Additional improvements include a newer roof, newer HVAC system, a whole-house sediment filtration system, and an additional filtration system serving the tankless on-demand water heater, providing enhanced water quality throughout the home. An indoor laundry area adds everyday convenience. Step outside to enjoy a spacious yard enhanced by mature landscaping, including established fruit trees and impressive fruitless mulberry trees that provide abundant afternoon shade, creating a comfortable outdoor setting for relaxing or entertaining. A 10 x 10 storage shed offers additional space for tools, seasonal items, or outdoor equipment. This well maintained home combines quality updates, energy efficient features, functional storage, and mature landscaping in a desirable package. Schedule your private showing today!

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 $73,291. 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 feet1,402
Property typeSingle Family
MLS #041163
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)
$1,152/mo
Source est. payment (PITI)
$1,425/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$73,291

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

$0$73,291
Additional funds needed$0

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