Properties / 2220 S PUMA Circle
FHA ASSUMABLERate: 3.09%

2220 S PUMA Circle

$399,000
Cottonwood, AZ 86326
3 beds2 baths1,356 sqftSingle Family
The assumable advantage
3.09%
FHA assumed rate
$35,476 interest already paid off
Estimated Loan Balance$201,754
Cash to close$196,794
Est. Monthly PITI$1,407
Initial Loan Amount$228,077
Time on site1 day
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$197,246
Cash or secondary financing
Monthly savings
$1,380
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Welcome home to this beautifully updated property where comfort, style, and functionality come together! Featuring a new roof and new LVP flooring installed in 2025, this home offers peace of mind and move-in-ready appeal. The spacious split-bedroom floor plan provides excellent privacy, while the primary suite creates a true retreat with an updated spa-like bathroom featuring a beautifully tiled shower and radiant heated flooring. French doors from the primary bedroom open directly to the covered patio, creating an effortless connection to the peaceful backyard. The guest bathroom has also been thoughtfully refreshed with an updated vanity, new toilet, and tiled shower/tub combination. At the heart of the home, the living room, kitchen, and dining area flow together in a generous great-ro om layout with vaulted ceilings, complete with a cozy wood-burning fireplace and stainless-steel kitchen appliances. Step outside to enjoy mature pine trees, low-maintenance turf grass, and a gas fire pit--perfect for relaxing or entertaining. Plenty of parking is available, including RV parking with hookups. Leased solar helps keep utility costs low, adding even more value to this already well-appointed home. Located near public access to the Verde River and the Duck Pond, yet safely outside the floodplain. This property offers an ideal blend of convenience, recreation, privacy, and everyday comfort.

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 $197,246. 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 feet1,356
Property typeSingle Family
MLS #7078193
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)
$973/mo
Source est. payment (PITI)
$1,407/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$197,246

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

$0$197,246
Additional funds needed$0

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