Properties / 2685 Steamship Drive
FHA ASSUMABLERate: 6.62%

2685 Steamship Drive

$539,900
Bullhead City, AZ 86429
3 beds2 baths1,879 sqftSingle Family
The assumable advantage
6.62%
FHA assumed rate
$73,743 interest already paid off
Estimated Loan Balance$439,626
Cash to close$100,739
Est. Monthly PITI$3,450
Initial Loan Amount$451,668
Time on site22 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$100,274
Cash or secondary financing
Monthly savings
$287
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to 2685 Steamship Drive, a beautifully maintained 2023 Moyer Construction home located in the desirable North Fork at Laughlin Ranch. Offering 1,895 sq ft with 3 bedrooms and 2 bathrooms, this home features a thoughtfully designed split floor plan, tile flooring throughout the main living areas, plantation shutters, and granite countertops. The rear kitchen opens to the spacious living and dining areas, creating a comfortable layout for everyday living and entertaining. One of the standout features is the impressive 42-foot-deep garage featuring mini-split climate control and polished concrete floors, providing plenty of room for vehicles, desert toys, storage, or a workshop area. Step outside to a covered patio and low-maintenance backyard finished with turf and pavers, where you can relax and enjoy beautiful views toward the Laughlin casinos and Lake Mohave mountain range. Built in 2023 and designed for easy Arizona living, this home offers newer construction, exceptional garage space, beautiful finishes, and a backyard ready to enjoy all within the Laughlin Ranch community.

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 $100,274. 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 feet1,879
Property typeSingle Family
MLS #041233
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)
$2,897/mo
Source est. payment (PITI)
$3,450/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$100,274

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

$0$100,274
Additional funds needed$0

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