Properties / 3342 Cherri Avenue
FHA ASSUMABLERate: 5.41%

3342 Cherri Avenue

$379,900
Kingman, AZ 86401
4 beds2 baths1,729 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$74,910 interest already paid off
Estimated Loan Balance$337,392
Cash to close$43,958
Est. Monthly PITI$2,507
Initial Loan Amount$356,159
Time on site36 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$42,508
Cash or secondary financing
Monthly savings
$226
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

OWNED SOLAR adds value to this beautiful 2022 home, conveniently located in the desirable Southern Vista neighborhood with easy access to shopping, dining, schools, and everyday amenities. The home features 4 bedrooms, 2 bathrooms, and an open-concept layout designed for comfortable living. The stylish kitchen offers granite countertops, a large island, and pantry, flowing seamlessly into the living and dining areas. The spacious primary suite includes a walk-in closet, while the low-maintenance landscaping, block-walled backyard, and attached 2-car garage complete the package. This move-in ready home is one you won't want to miss!

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 $42,508. 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
Bathrooms2
Square feet1,729
Property typeSingle Family
MLS #040159
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)
$2,014/mo
Source est. payment (PITI)
$2,507/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$42,508

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

$0$42,508
Additional funds needed$0

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