Properties / 2980 E Neal Avenue
FHA ASSUMABLERate: 6.84%

2980 E Neal Avenue

$270,000
Kingman, AZ 86409
3 beds2 baths1,424 sqftSingle Family
The assumable advantage
6.84%
FHA assumed rate
$1,043 interest already paid off
Estimated Loan Balance$9,056
Cash to close$260,944
Est. Monthly PITI$334
Initial Loan Amount$9,244
Time on site15 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$260,944
Cash or secondary financing
Monthly savings
$1,529
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Get ready to fall in love! Welcome to this beautiful 3 bedroom home that offers the perfect combination of style, comfort, privacy, and incredible views all situated on a spacious 6,000-square-foot lot! From the moment you step inside, you ll appreciate the thoughtfully designed split floor plan. The primary bedroom is tucked away from the additional bedrooms, creating a peaceful retreat where you can relax and recharge. The other two bedrooms are located on the opposite side of the home, making them perfect for family, guests, a home office, a hobby room, or even that dream closet you have always wanted! One of the best features of this home is the front kitchen. Imagine preparing breakfast, enjoying your morning coffee, or cooking dinner while taking in the beautiful surrounding views. It is a bright and welcoming space that makes everyday life feel a little more special. Whether you are hosting friends for game night or enjoying a quiet evening at home, this kitchen is ready for all the memories you will make. And let s talk about those soft-close cabinetry throughout the home because nobody enjoys slamming cabinet doors! These cabinets close smoothly and quietly, adding a touch of quality and convenience to your daily routine. It may seem like a small detail, but once you have soft-close cabinets, you will never want to go back! The comfortable living area offers plenty of space to kick back, watch your favorite show, entertain friends, or simply relax after a busy day. The open and functional layout makes the home feel inviting and easy to enjoy, with every room designed to fit your lifestyle. Do you Need room for vehicles, tools, toys, or extra storage? The attached 2-car garage has you covered! Park your cars out of the Arizona sunshine while still having space for holiday decorations, outdoor equipment, hobbies, or all those boxes you keep promising yourself you will organize one day! Step outside, this 6,000-square-foot lot gives you room to create your own backyard getaway. Picture a covered patio, barbecue area, fire pit, garden, play space, or comfortable seating where you can unwind and enjoy the views. There is plenty of opportunity to make the outdoor space your own. This home is ready to impress. Come see it for yourself but be careful, you may walk through the door and never want to leave!

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 $260,944. 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 feet1,424
Property typeSingle Family
MLS #041666
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)
$63/mo
Source est. payment (PITI)
$334/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$260,944

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

$0$260,944
Additional funds needed$0

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