Properties / 2812 Ross Avenue
FHA ASSUMABLERate: 6.39%

2812 Ross Avenue

$235,000
Kingman, AZ 86401
3 beds2 baths1,415 sqftSingle Family
The assumable advantage
6.39%
FHA assumed rate
$41,818 interest already paid off
Estimated Loan Balance$197,486
Cash to close$37,514
Est. Monthly PITI$1,570
Initial Loan Amount$205,214
Time on site9 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$37,514
Cash or secondary financing
Monthly savings
$102
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

This 3-bedroom, 2-bath home sits on a large lot and offers comfortable living space inside and out. The spacious living room features a warm wood-plank ceiling and a sliding glass door leading to the front of the home. The kitchen provides abundant cabinetry, generous counter space, a gas range, wood-look flooring & space for a casual dining nook. Just off the kitchen, the separate dining room offers a dedicated space for meals and gatherings. The primary bedroom includes a walk-in closet, ceiling fan and private bathroom with a tub/shower combination. Both guest bedrooms are a good size and offer flexibility for family, visitors or a home office. An additional room provides flexible space for a pantry or household storage. The home also includes indoor laundry and ceiling fans throughout. Mature shade trees welcome you out front, while the large, fully fenced backyard features a patio, mountain views and plenty of room for gardening, outdoor projects or recreation. A must see!!!

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 $37,514. 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 feet1,415
Property typeSingle Family
MLS #041687
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)
$1,284/mo
Source est. payment (PITI)
$1,570/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$37,514

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

$0$37,514
Additional funds needed$0

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