Properties / 2616 Wikieup Avenue
FHA ASSUMABLERate: 4.84%

2616 Wikieup Avenue

$230,000
Kingman, AZ 86401
3 beds2 baths1,111 sqftSingle Family
The assumable advantage
4.84%
FHA assumed rate
$46,485 interest already paid off
Estimated Loan Balance$50,779
Cash to close$180,523
Est. Monthly PITI$591
Initial Loan Amount$73,730
Time on site36 days
Remaining Term14 years, 10 months
Seller's equity (what you pay)
$179,221
Cash or secondary financing
Monthly savings
$956
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Don t miss this charming, well-maintained home! Pride of ownership shines through in this single-owner property that has been lovingly cared for and is truly a must-see. This adorable 3-bedroom, 2-bathroom home features a fully fenced yard, mature landscaping, and an extended driveway providing additional parking. Enjoy relaxing under the shade of mature mulberry trees or unwind in the enclosed Arizona room perfect for year-round enjoyment. Inside, newer laminate flooring enhances the common living areas, adding both style and durability. Refrigerator, washer, and dryer convey with the property, offering added convenience for the new owner. Ideally located less than one mile from Cecil Davis Park, which features a splash pad, community garden, and green space for outdoor recreation. Call your agent today to schedule a tour!

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 $179,221. 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 feet1,111
Property typeSingle Family
MLS #035111
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$400/mo
Source est. payment (PITI)
$591/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$179,221

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

$0$179,221
Additional funds needed$0

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