Properties / 3092 Southern Loop
FHA ASSUMABLERate: 6.5%

3092 Southern Loop

$360,000
Kingman, AZ 86401
4 beds2 baths1,634 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$34,537 interest already paid off
Estimated Loan Balance$274,501
Cash to close$85,783
Est. Monthly PITI$2,145
Initial Loan Amount$280,117
Time on site36 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$85,499
Cash or secondary financing
Monthly savings
$349
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Experience resort-style outdoor living in this beautifully updated 4-bedroom, 2-bath home on a desirable corner cul-de-sac lot! This move-in-ready home blends thoughtful updates, timeless style, and exceptional indoor and outdoor living you have to see to appreciate! Inside you ll find vaulted ceilings, architectural arches defining the living, dining, and kitchen areas while maintaining an open feel, plantation shutters throughout, ceiling fans, and wood flooring throughout the main living areas with tile flooring in the bathrooms. The kitchen features granite countertops, a breakfast bar, and a casual dining area. A separate formal dining room perfect for gatherings & entertaining. The primary suite includes a beautifully remodeled ensuite bath with a custom walk-in shower and a stylish folding barn-door-style divider adding character and privacy. The secondary bathroom offers dual sinks and a tub/shower combination. Recent updates include fresh interior and exterior paint, a new HVAC system installed in April 2024, a recently replaced water heater, energy-efficient windows, and updated exterior doors. Enjoy Arizona outdoor living at its finest with a covered front porch, covered rear patio, gazebo sitting area, and a resort-style backyard featuring a swim spa with its own gazebo, concrete pad, and underground 220-volt electrical service. The beautifully landscaped yard includes mature landscaping, a small greenhouse with a small storage shed. Two additional storage sheds and another covered sitting area are located along the side yard, creating the perfect space for hobbies, entertaining, or relaxing by an electric fire pit. Additional features include RV parking with a 30-amp electrical hookup (no sewer connection), and abundant storage. This exceptional home offers the perfect combination of comfort, updates, and outdoor enjoyment.

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 $85,499. 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 feet1,634
Property typeSingle Family
MLS #040654
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)
$1,774/mo
Source est. payment (PITI)
$2,145/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$85,499

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

$0$85,499
Additional funds needed$0

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