Properties / 1628 E Valencia Road
FHA ASSUMABLERate: 7.29%

1628 E Valencia Road

$240,000
Fort Mohave, AZ 86426
3 beds2 baths1,025 sqftSingle Family
The assumable advantage
7.29%
FHA assumed rate
$41,458 interest already paid off
Estimated Loan Balance$210,731
Cash to close$29,468
Est. Monthly PITI$1,808
Initial Loan Amount$216,015
Time on site24 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$29,269
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome home to this cozy and inviting 3-bedroom, 1.5-bath home situated on a spacious corner lot with beautiful mountain views! Centrally located near shopping, Valley View Medical Center, several area schools, dining, and everyday conveniences, this property offers a great combination of location, space, and functionality. Inside, you ll find a comfortable floor plan with three bedrooms, plenty of natural light, and flexible living spaces ready to make your own. Whether you re looking for a primary residence, starter home, or a property with extra room for your hobbies and toys, this home offers plenty of possibilities. One of the standout features is the large detached garage/shop, providing excellent space for vehicles, storage, tools, projects, or a dedicated workshop. The oversized corner lot offers plenty of outdoor space along with room for RV parking, additional vehicles, trailers, desert toys, and more. Step outside and enjoy the surrounding mountain views and the extra breathing room that comes with a larger lot. With its convenient central location, generous parking options, detached garage/shop, and versatile property layout, this home has the space and functionality today s buyers are looking for. Come see the possibilities and make this one your own!

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 $29,269. 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 feet1,025
Property typeSingle Family
MLS #041469
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)
$1,482/mo
Source est. payment (PITI)
$1,808/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$29,269

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

$0$29,269
Additional funds needed$0

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