Updated 2 bedroom 2 bath main home with a separate 1 bedroom 1 bath unit in the back. Main house has updated flooring, cabinets, bathrooms, widows and roof. Back Unit has updated showers, tile flooring and its own laundry. Perfect for Airbnb or rentals. Or live in the Main house and rent out the back unit. Main house currently being rented for $1700 but tenant is leaving and back unit for $1000. Each Unit has its own electrical and gas, Water & Trash is on 1 bill and is about $70 a month. Rent can easily be increased to $1900 and $1400. Beautiful home walking distance to Downtown chandler.
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.
You need to cover the seller's equity of $100,015. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.