Properties / 5681 S Desert Lakes Drive
FHA ASSUMABLERate: 6.85%

5681 S Desert Lakes Drive

$369,900
Fort Mohave, AZ 86426
4 beds3 baths1,784 sqftSingle Family
The assumable advantage
6.85%
FHA assumed rate
$35,483 interest already paid off
Estimated Loan Balance$294,126
Cash to close$76,331
Est. Monthly PITI$2,270
Initial Loan Amount$298,613
Time on site36 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$75,774
Cash or secondary financing
Monthly savings
$219
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to one of the most desirable homes in the sought-after Desert Lakes Community! This beautifully designed 4-bedroom, 3-bath residence offers the perfect combination of space, comfort, and functionality. The open-concept main level is ideal for everyday living and entertaining, featuring a spacious great room that flows seamlessly into the kitchen and dining area. A full bedroom and bathroom on the first floor provide the perfect setup for guests, multi-generational living, or a private home office. Upstairs, you'll find three additional bedrooms, two full bathrooms, and a versatile open loft that can be used as a media room, game room, or additional living space. Step outside to a generously sized backyard that backs to the community common area, creating added privacy and an open, peaceful setting with no direct neighbors behind. Whether you're looking for room to grow, space to entertain, or a home in one of the area's most sought-after neighborhoods, this property checks all the boxes. Don't miss your opportunity to own this exceptional Desert Lakes home.

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 $75,774. 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

Bedrooms4
Bathrooms3
Square feet1,784
Property typeSingle Family
MLS #040682
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)
$1,962/mo
Source est. payment (PITI)
$2,270/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$75,774

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

$0$75,774
Additional funds needed$0

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