Properties / 27885 S STATE ROUTE 89
FHA ASSUMABLERate: 6.82%

27885 S STATE ROUTE 89

$650,000
Congress, AZ 85332
3 beds2 baths1,250 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$33,384 interest already paid off
Estimated Loan Balance$207,724
Cash to close$442,690
Est. Monthly PITI$1,805
Initial Loan Amount$212,347
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$442,276
Cash or secondary financing
Monthly savings
$2,442
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Welcome to the perfect winter get away or full time retreat! Situated on 2.85 usable acres, this horse property is set up to unload you horses and start enjoying the lifestyle from day one. The property features a charming, 2-bedroom, 1-bath home with tasteful updates and room to add your own finishing touches plus a separate 1 bedroom, 1 bath casita perfect for guests, rental income or a home office. The horse set up includes 7 covered horse pens, 3 oversized turnouts and an 175' x 250' riding arena with plenty of room to add on. Bordering state land, you'll enjoy miles of desert riding right out your gate. Convenient paved road access just minutes from Wickenburg, breathtaking views, stunning sunrises and iconic saguaros are all waiting for you here in Arizona. See you soon! Whether you're looking for a horse property, a multi-generational setup, or simply room to enjoy the Arizona lifestyle, this one is a rare find.

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 $442,276. 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 feet1,250
Property typeSingle Family
MLS #7052282
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)
$1,391/mo
Source est. payment (PITI)
$1,805/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$442,276

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

$0$442,276
Additional funds needed$0

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