Properties / 3720 Normando Drive
FHA ASSUMABLERate: 2.89%

3720 Normando Drive

$239,900
Bullhead City, AZ 86442
3 beds2 baths1,260 sqftSingle Family
The assumable advantage
2.89%
FHA assumed rate
$26,346 interest already paid off
Estimated Loan Balance$146,068
Cash to close$94,861
Est. Monthly PITI$1,058
Initial Loan Amount$166,920
Time on site36 days
Remaining Term24 years, 2 months
Seller's equity (what you pay)
$93,832
Cash or secondary financing
Monthly savings
$715
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Step into this delightful single-family residence, built in 2010 with 1260 square feet. Come inside and discover a kitchen that s the life of the party with a handy island perfect for a casual breakfast, this space is open floor plan and flows seamlessly into the living room for that wide open concept. Home features 3 bedrooms and two full bathrooms, there's plenty of space for everyone to spread out. The unique ranch-style exterior offers a classic, welcoming vibe, and the private large yard with block wall is just begging for barbecues, stargazing, or whatever design you choose for your Oasis, there is Plenty of room for a pool. The gated area in front of the house makes for plenty of room for parking your Toys and NO HOA. This home is centrally located near the Target Shopping Center, with easy access to the parkway which can easly get you from one side of town to the other. The Home is only 5 Min away is the Nature Center featuring the beaches for the Colorado River and minutes to the Laughlin Casinos and Lake Mohave.

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 $93,832. 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 feet1,260
Property typeSingle Family
MLS #040040
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)
$700/mo
Source est. payment (PITI)
$1,058/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$93,832

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

$0$93,832
Additional funds needed$0

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