Properties / 11130 W JERSEY Avenue
FHA ASSUMABLERate: 2.79%

11130 W JERSEY Avenue

$265,000
Youngtown, AZ 85363
2 beds1 baths909 sqftSingle Family
The assumable advantage
2.79%
FHA assumed rate
$32,831 interest already paid off
Estimated Loan Balance$199,873
Cash to close$65,597
Est. Monthly PITI$1,290
Initial Loan Amount$227,797
Time on site10 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$65,127
Cash or secondary financing
Monthly savings
$624
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Adorable, well-maintained ranch home in Youngtown offering an unbeatable location near Sun City's shopping, dining, and golf -- with no age restrictions and no HOA. ASSUMABLE 3% FHA LOAN, upon lender approval. Fresh interior paint and newly updated hardware and fixtures throughout give this home a clean, modern feel. The kitchen features ample white cabinetry, granite countertops, and stainless steel appliances. Low-maintenance tile flooring runs throughout the home. The bathroom has been updated with a tiled tub/shower surround, matte black fixtures, and a wood-accent vanity. One bedroom offers a sliding barn door closet. Outside, enjoy a large fully block-fenced backyard -- a standout feature for the area -- plus a covered, screened patio. You will enjoy the convenience of the attached carport, and indoor laundry room with washer/dryer included. Pavers have been added to create additional parking. Mature shade trees complete the desert landscaping front and back. Welcome home!

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 $65,127. 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
Bathrooms1
Square feet909
Property typeSingle Family
MLS #7072418
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)
$939/mo
Source est. payment (PITI)
$1,290/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$65,127

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

$0$65,127
Additional funds needed$0

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