Properties / 70 E Orchid Drive
FHA ASSUMABLERate: 6.89%

70 E Orchid Drive

$319,000
Williams, AZ 86046
3 beds2 baths1,396 sqftSingle Family
The assumable advantage
6.89%
FHA assumed rate
$27,259 interest already paid off
Estimated Loan Balance$248,307
Cash to close$71,157
Est. Monthly PITI$1,958
Initial Loan Amount$251,831
Time on site35 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$70,693
Cash or secondary financing
Monthly savings
$219
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Beautifully maintained single-level 3-bed, 2-bath home on 1.03 acres with mature pines. Bright open layout with high ceilings and great natural light. Updates include new stainless appliances, modern faucet, luxury vinyl blinds, updated dining fixture, newer GE washer/dryer, fresh exterior paint, and upgraded under-home ductwork. Outdoor features: 960 sq ft fenced patio yard, 10×5 Trex porch, landscaped sitting area with solar lighting and fire pit. Main bedroom offers two walk-in closets and en suite bath. Includes 8×12 Graceland shed. No HOA, close to Williams and the Grand Canyon. Move-in ready.

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 $70,693. 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 feet1,396
Property typeSingle Family
MLS #7063840
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)
$1,662/mo
Source est. payment (PITI)
$1,958/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$70,693

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

$0$70,693
Additional funds needed$0

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