Ask your agent about how you can assume this seller's FHA loan at a rate roughly 1% lower that todays averages! This UPDATED HOME might be BETTER than NEW! With new floors, base boards, paint, new efficient multistage AC system in 2024, water heater in 2024 and a fully new roof in 2022 and even a 10KW EV charger, this one priced right and READY TO GO. Spacious open floor plan with 3 Bedrooms PLUS a large flex space. The oversized primary bedroom has bay windows and is tucked away from the secondary bedrooms. The Kitchen is open to the GREAT ROOM and has a high vaulted ceiling. This house is MOVE-IN READY!
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 $39,908. 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.