Properties / 2716 W OWENS Street
FHA ASSUMABLERate: 6.5%

2716 W OWENS Street

$309,000
Show Low, AZ 85901
3 beds2 baths1,200 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$16,656 interest already paid off
Estimated Loan Balance$278,495
Cash to close$30,772
Est. Monthly PITI$2,113
Initial Loan Amount$280,830
Time on site50 days
Remaining Term29 years, 1 month
Seller's equity (what you pay)
$30,505
Cash or secondary financing
Monthly savings
$44
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Built in 1998, this beautifully maintained home features 3 bedrooms, 2 full bathrooms, and a covered patio, making it the perfect primary residence, vacation getaway, or investment property. The inviting front entry opens into a spacious great room, while the bedrooms are thoughtfully situated toward the rear of the home for added privacy. The kitchen is equipped with granite countertops and offers both style and functionality. Throughout the home, you'll find all-new dual-pane vinyl windows that enhance energy efficiency and comfort. The primary suite provides direct access to the covered patio, creating a relaxing indoor-outdoor retreat. The en-suite bathroom features a walk-in shower with elegant tile surrounds. This home is truly move-in ready and offers exceptional value.

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 $30,505. 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 feet1,200
Property typeSingle Family
MLS #7047526
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)
$1,778/mo
Source est. payment (PITI)
$2,113/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$30,505

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

$0$30,505
Additional funds needed$0

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