Properties / 5397 N Cordes Road
FHA ASSUMABLERate: 4.83%

5397 N Cordes Road

$110,000
Golden Valley, AZ 86413
2 beds1 baths662 sqftSingle Family
The assumable advantage
4.83%
FHA assumed rate
$18,907 interest already paid off
Estimated Loan Balance$47,327
Cash to close$63,338
Est. Monthly PITI$486
Initial Loan Amount$54,003
Time on site36 days
Remaining Term22 years, 4 months
Seller's equity (what you pay)
$62,673
Cash or secondary financing
Monthly savings
$360
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Star Gazers paradise! Move in ready singlewide! Charming and comfortable cutie with beautiful natural landscaping. Stargazers will love this semi remote rural home. Easy to get to from 68. Well cared for clean home for a getaway home or all year long. Partially furnished! Beautiful Mountain views all around. Half circle driveway up to home barely can be seen from the street. Water tank is underground behind the home and filled regularly by a water delivery service currently. 25 min to Bullhead City and Kingman for all your shopping needs. River is 20 min away in Bullhead city. Las Vegas is about 1 hour and 20 min drive. Close but not too close.

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 $62,673. 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

Bedrooms2
Bathrooms1
Square feet662
Property typeSingle Family
MLS #036581
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)
$289/mo
Source est. payment (PITI)
$486/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$62,673

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

$0$62,673
Additional funds needed$0

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