Properties / 9616 W MOUNTAIN VIEW Road
FHA ASSUMABLERate: 5.52%

9616 W MOUNTAIN VIEW Road

$255,000
Peoria, AZ 85345
2 beds2 baths1,156 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$49,035 interest already paid off
Estimated Loan Balance$216,850
Cash to close$43,924
Est. Monthly PITI$1,625
Initial Loan Amount$223,850
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$38,150
Cash or secondary financing
Monthly savings
$193
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This beautiful home features elegant white shaker cabinets, quartz countertops, and recessed lighting. The interior includes tile flooring, plush carpeting, and sleek white baseboards. The custom hall shower is accented with designer tiles, and the master suite boasts a spacious walk-in closet. New roof , Additional amenities include a private patio, car garage and a serene community atmosphere. Great location close to freeway, Park West, Westgate or the Casino. Please note, this is an age restricted community 55+

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 $38,150. 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 feet1,156
Property typeSingle Family
MLS #6787056
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)
$1,311/mo
Source est. payment (PITI)
$1,625/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$38,150

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

$0$38,150
Additional funds needed$0

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