Properties / 8438 W LUFKIN Drive
FHA ASSUMABLERate: 4.47%

8438 W LUFKIN Drive

$474,900
Pine, AZ 85544
3 beds2 baths2,280 sqftSingle Family
The assumable advantage
4.47%
FHA assumed rate
$83,540 interest already paid off
Estimated Loan Balance$208,132
Cash to close$268,150
Est. Monthly PITI$1,831
Initial Loan Amount$244,489
Time on site50 days
Remaining Term21 years, 10 months
Seller's equity (what you pay)
$266,768
Cash or secondary financing
Monthly savings
$1,556
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Surrounded by towering pines and the peaceful beauty of Rim Country, This home offers the perfect blend of comfort, space, and mountain charm. This inviting home features three bedrooms and two full baths, designed with a layout that provides both functionality and flexibility. The main living room welcomes you with a cozy, relaxed atmosphere, while a separate great room expands your living space and creates the ideal setting for gatherings, or quiet evenings at home. A bonus room adds even more versatility--perfect for quilting, a media room, a home office, or anything your lifestyle calls for. This property is fully fenced, offering privacy, security, and plenty of room for your toys and enjoying the outdoors. One of the most magical features of this home is the wildlife that frequents the area; it's not uncommon to watch elk wander through your own front yard, creating a daily connection to the natural beauty that makes Strawberry so special. Whether you're looking for a full-time residence, a mountain getaway, or a peaceful retreat surrounded by nature, this home delivers the space, comfort, and setting that define high country living.

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 $266,768. 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 feet2,280
Property typeSingle Family
MLS #7035867
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)
$1,245/mo
Source est. payment (PITI)
$1,831/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$266,768

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

$0$266,768
Additional funds needed$0

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