Properties / 591 Ramar Road
FHA ASSUMABLERate: 3.16%

591 Ramar Road

$140,000
Bullhead City, AZ 86442
3 beds2 baths1,252 sqftSingle Family
The assumable advantage
3.16%
FHA assumed rate
$17,401 interest already paid off
Estimated Loan Balance$85,093
Cash to close$55,873
Est. Monthly PITI$682
Initial Loan Amount$96,715
Time on site36 days
Remaining Term24 years
Seller's equity (what you pay)
$54,907
Cash or secondary financing
Monthly savings
$404
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

This Holiday Shores home offers an excellent opportunity for buyers looking to build equity in one of Bullhead City's most convenient river-close neighborhoods. Located just minutes from the Colorado River, public boat launches, parks, Laughlin casinos, shopping, dining, and entertainment, this property is ideal as a full-time residence, vacation home, winter retreat, or investment property. The home features a functional floor plan, an attached garage with room for your tools, motorcycles, or river gear, generous parking, and mountain views. The spacious lot provides endless possibilities to create the outdoor living space you've been envisioning. Inside, you'll find a solid layout ready for your personal updates and improvements. This property offers the chance to renovate, customize, and add value while creating a home that fits your lifestyle. Whether you're an investor searching for your next project, a first-time buyer looking for an affordable entry into homeownership, or someone dreaming of weekends on the Colorado River, this property delivers exceptional potential at an attractive price.

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 $54,907. 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 feet1,252
Property typeSingle Family
MLS #037618
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)
$422/mo
Source est. payment (PITI)
$682/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$54,907

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

$0$54,907
Additional funds needed$0

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