Properties / 385 Harbor Drive
FHA ASSUMABLERate: 6.43%

385 Harbor Drive

$199,999
Bullhead City, AZ 86442
2 beds1 baths766 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$35,316 interest already paid off
Estimated Loan Balance$171,765
Cash to close$29,963
Est. Monthly PITI$1,385
Initial Loan Amount$176,641
Time on site36 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$28,234
Cash or secondary financing
Monthly savings
$59
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

I'm move-in ready, clean and gorgeous inside and only 3 years old. Centrally located near shopping, schools, medical and Rotary Park with River access. Only minutes from Laughlin Casinos, playing on the Colorado River, the 67 mile-long Lake Mohave or our stunning Arizona desert for a day long ride in your side-by-side. A charming 2 bedroom, 1 bath, site built home on a corner lot. It has a tall wooden fence that gives privacy to the entire back yard. Plenty of parking. Feel the charm from your first steps inside. The open floor plan is perfect for including everyone while entertaining. Laminate flooring throughout the home. Stainless stove, micro and refrigerator for the chef. The bedrooms are spacious with large windows and coverings. The bathroom has a modern vanity, tub shower combo and tile flooring. Both front and back yards are easy rock landscaping. Large shed in the backyard for storage. One year Warranty provided.

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 $28,234. 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

Bedrooms2
Bathrooms1
Square feet766
Property typeSingle Family
MLS #034330
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)
$1,120/mo
Source est. payment (PITI)
$1,385/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$28,234

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

$0$28,234
Additional funds needed$0

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