Properties / 2937 W WHIPPLE
FHA ASSUMABLERate: 6.34%

2937 W WHIPPLE

$379,900
Show Low, AZ 85901
3 beds2 baths1,681 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$15,125 interest already paid off
Estimated Loan Balance$259,510
Cash to close$120,900
Est. Monthly PITI$1,956
Initial Loan Amount$261,497
Time on site38 days
Remaining Term29 years, 1 month
Seller's equity (what you pay)
$120,390
Cash or secondary financing
Monthly savings
$610
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Plan your escape to the White Mountains of AZ! This beautiful home has been fully remodeled top to bottom with attention to details that show! ADA approved front ramp Kitchen features new cabinets and top of the line stainless steal appliances. Large primary bedroom is split from guest rooms and has a great seating area/ possible baby's room or? Primary bath is also ADA approved with walk in shower and hand rales for safety. Plus all new top end cabinetry and fixtures. All closets have built in storage. Both guest rooms have tv mounts with raised outlets. Guest bath has tub/shower and is also fully remodeled. The beautiful fully fenced back yard has a large covered deck PLUS a huge outdoor private entertainment area. Front carport and additional covered boat or trailer parking. 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 $120,390. 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 feet1,681
Property typeSingle Family
MLS #7062246
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)
$1,630/mo
Source est. payment (PITI)
$1,956/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$120,390

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

$0$120,390
Additional funds needed$0

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