Properties / 1220 E CARIBOU Road
FHA ASSUMABLERate: 3.7%

1220 E CARIBOU Road

$565,000
Munds Park, AZ 86017
3 beds2 baths1,400 sqftSingle Family
The assumable advantage
3.7%
FHA assumed rate
$50,316 interest already paid off
Estimated Loan Balance$186,855
Cash to close$378,562
Est. Monthly PITI$1,441
Initial Loan Amount$215,707
Time on site32 days
Remaining Term23 years, 4 months
Seller's equity (what you pay)
$378,145
Cash or secondary financing
Monthly savings
$2,335
Versus today's market rate
Est. savings per year
$28K
Versus today's market rate

About this home

Escape to the cool pines of Munds Park in this inviting mountain retreat, perfectly situated for year-round living, a weekend getaway or investment. Nestled among towering Ponderosa pines, backing up to the incredible National Forest. This view offers the peaceful lifestyle you've been looking for. Inside, enjoy warm, welcoming living spaces (open floor plan) with plenty of natural light, a cozy atmosphere, and room to relax after a busy day outdoors. The property offers outdoor space for entertaining or enjoying quiet evenings on the large back patio. This home will deliver the charm & tranquility that makes this area so appealing. This 3 bedroom & 2 full baths offer comfortable living with enough space...cont... for friends and family. The kitchen, dining and living space open up to the backyard and the beautiful view of the tall Pines. Entering the back through the Secret Garden Gate, you will feel like you are stepping into a different world. Glimpses of incredible wildlife just outside your backdoor. Upgrades include: Paradigm vinyl plank waterproof luxury flooring, GE slate black electric range with convection oven, GE profile slate black double door refrigerator. Come enjoy a tour and make this home your own.

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 $378,145. 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 feet1,400
Property typeSingle Family
MLS #7064636
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$997/mo
Source est. payment (PITI)
$1,441/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$378,145

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

$0$378,145
Additional funds needed$0

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