Properties / 9801 E Nellie Drive
FHA ASSUMABLERate: 5%

9801 E Nellie Drive

$274,900
Kingman, AZ 86401
3 beds2 baths1,792 sqftSingle Family
The assumable advantage
5%
FHA assumed rate
$73,925 interest already paid off
Estimated Loan Balance$65,562
Cash to close$211,626
Est. Monthly PITI$795
Initial Loan Amount$103,378
Time on site36 days
Remaining Term12 years, 10 months
Seller's equity (what you pay)
$209,338
Cash or secondary financing
Monthly savings
$1,043
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Mountain-Top Retreat on 26.14 Acres, 360 Degree Views & Endless Potential! Looking for wide-open space and easy access to town? This 26.14-acre mountain-top property offers the best of both worlds! Enjoy breathtaking mountain views from your own private perch while staying just moments from modern conveniences. The location is unbeatable right off I-40, Exit 66, only 16 miles from Kingman and just 2 minutes from the Petro Truck Stop for quick fuel, snacks, or supplies. Parcel#354-37-046A and 354-37-046B are both parcels included in this sale. The home features a new central heating and cooling unit, keeping you comfortable year-round. Home Is ground-set and with a little TLC, this gem has the potential to become your dream rural getaway, full-time residence, or weekend escape. Whether you re seeking peace, adventure, or room to roam, this property truly has it all. Come see for yourself this mountain-top beauty is 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 $209,338. 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 feet1,792
Property typeSingle Family
MLS #034599
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)
$578/mo
Source est. payment (PITI)
$795/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$209,338

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

$0$209,338
Additional funds needed$0

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