Properties / 2449 Blue Gap Ovi
FHA ASSUMABLERate: 2.68%

2449 Blue Gap Ovi

$450,000
Flagstaff, AZ 86005
3 beds2 baths sqftSingle Family
The assumable advantage
2.68%
FHA assumed rate
$28,397 interest already paid off
Estimated Loan Balance$177,277
Cash to close$273,570
Est. Monthly PITI$1,191
Initial Loan Amount$202,492
Time on site36 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$272,723
Cash or secondary financing
Monthly savings
$1,829
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Affordable Newer Construction with No HOA in Kachina Village! Built in 2021 and nestled among the towering Ponderosa pines, this move-in-ready home offers the perfect blend of modern comfort and value. The open-concept floor plan features upgraded flooring throughout and a spacious kitchen with a large island that's perfect for gathering and entertaining. Enjoy the covered front porch and a large tiered backyard on a quiet cul-de-sac with minimal traffic. Built with durable 2x6 construction and an Energy Saver Package, this home is designed for year-round comfort and lower utility costs. Recent improvements include an 8x10 storage shed and an expanded parking pad with room for up to three vehicles. With newer construction, energy-efficient features, and an affordable price, this home is an excellent opportunity for first-time buyers, those seeking a low-maintenance primary home, or anyone looking to enjoy Flagstaff living without HOA restrictions. Some photos in this listing have been virtually staged or digitally altered to show property potential.

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 $272,723. 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
Property typeSingle Family
MLS #205298
CountyMaricopa County
Assumable loanFHA
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$825/mo
Source est. payment (PITI)
$1,191/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$272,723

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

$0$272,723
Additional funds needed$0

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