Assumable FHA loan. Side by side brick duplex. Each side has 3 bed, 2 bath, finished attic. Oversized two car garage. One side needs a lot of work, the other is not far from being rentable. $71,500 left on the loan. 3.625% loan rate. I'm up to date on all my payments. Total monthly payment is currently $583, and includes the loan, PMI, tax, and insurance. I'm selling because my fiancée is dragging me out of state. I'm not asking for a buyout. Requirements to assume the loan: 1. Credit score of at last 620 2. Debt to income ratio must show that you can afford the monthly payment. 3. $3000 cash at the loan signing. ~500 goes to the bank for transfer fees. ~2500 goes toward a downpayment on the remaining loan amount. 4. Since this is an owner occupied loan, you must prove that you intend to use the house as your primary dwelling for at least one year. I'm living in one of the units now. I'm available on site for anyone who wants to see the property in person.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
