Properties / 19448 W PIERSON Street
FHA ASSUMABLERate: 6.95%

19448 W PIERSON Street

$405,000
Litchfield Park, AZ 85340
3 beds2 baths1,399 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$100,330 interest already paid off
Estimated Loan Balance$368,911
Cash to close$36,907
Est. Monthly PITI$3,155
Initial Loan Amount$384,398
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$36,089
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to your next chapter in this fabulous 3-bedroom home with a 2-car garage! Check out inside to discover a large living room featuring wood-look tile flooring, bountiful natural light, and sliding glass doors that open to the back patio. In the spotless eat-in kitchen, you will have a convenient pantry, plenty of cabinet space, stainless steel appliances, granite counters, a peninsula with a breakfast bar, and recessed lighting that illuminates every corner. Retreat to the impeccable primary bedroom, complete with plush carpet, a walk-in closet, and a private bathroom with an enclosed glass shower. Spacious backyard includes a covered patio where you can enjoy relaxing or hosting fun get-togethers. Don't miss the opportunity to make it yours!

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 $36,089. 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 feet1,399
Property typeSingle Family
MLS #7056708
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)
$2,553/mo
Source est. payment (PITI)
$3,155/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$36,089

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

$0$36,089
Additional funds needed$0

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