Properties / 6119 W Chino Drive
FHA ASSUMABLERate: 3.45%

6119 W Chino Drive

$240,000
Golden Valley, AZ 86413
4 beds2 baths1,560 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$36,409 interest already paid off
Estimated Loan Balance$226,687
Cash to close$16,442
Est. Monthly PITI$1,463
Initial Loan Amount$245,373
Time on site36 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$13,313
Cash or secondary financing
Monthly savings
$302
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Bring your horses and toys to this charming four bedroom, 2 bathroom home on 1.01 acres with an oversized garage for all your toys. This home has been taken care of and it shows, it features 4 bedrooms, 2 bathrooms with a nice sized kitchen with RO under the sink, large kitchen island and an indoor laundry room. Newer windows, newer vinyl flooring, newer roof, and newer heat pump. There's plenty of room for horses, nice sized shed/tack room, and a screened in back porch to enjoy the beautiful mountain views. The metal garage with electric is 24x30 and just outside of the garage there are RV hookups with 50 amp electrical and water so you can park your RV. Paved street in front of property but lots of trails for ATV, RZR, horseback riding and hiking. Centrally located 15 minutes to Kingman, 20 minutes to the River and Laughlin and an hour from Las Vegas.

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 $13,313. 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

Bedrooms4
Bathrooms2
Square feet1,560
Property typeSingle Family
MLS #035659
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)
$1,113/mo
Source est. payment (PITI)
$1,463/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$13,313

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

$0$13,313
Additional funds needed$0

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