Properties / 2348 S BUFFALO Loop
FHA ASSUMABLERate: 4.98%

2348 S BUFFALO Loop

$375,000
Overgaard, AZ 85933
2 beds2 baths1,120 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$70,386 interest already paid off
Estimated Loan Balance$322,702
Cash to close$53,809
Est. Monthly PITI$2,369
Initial Loan Amount$343,660
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$52,298
Cash or secondary financing
Monthly savings
$359
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Nestled in the cool pines of Overgaard, AZ, this charming 2-bedroom, 2-bathroom split log-sided Elk model cabin offers the perfect blend of rustic character and modern comfort. The inviting great room features a striking stone-faced fireplace, central heat and air conditioning, vaulted T&G ceiling, and ceiling fans for year-round comfort. The spacious kitchen and convenient laundry room add practicality to the cozy mountain retreat. Step outside and enjoy the tranquil setting with a quaint stream running along the back of the property, shaded by beautiful mature willow trees--an ideal backdrop for relaxation and outdoor gatherings. Located in the desirable Bison Ranch community, this cabin provides the perfect mountain escape while still offering all the comforts of home.

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 $52,298. 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
Bathrooms2
Square feet1,120
Property typeSingle Family
MLS #7032151
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)
$1,852/mo
Source est. payment (PITI)
$2,369/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$52,298

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

$0$52,298
Additional funds needed$0

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