Properties / 84 N RITA Avenue
FHA ASSUMABLERate: 3.45%

84 N RITA Avenue

$214,900
Queen Valley, AZ 85118
2 beds2 baths1,057 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$24,185 interest already paid off
Estimated Loan Balance$149,398
Cash to close$66,398
Est. Monthly PITI$1,016
Initial Loan Amount$162,993
Time on site50 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$65,502
Cash or secondary financing
Monthly savings
$534
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Enjoy peaceful living in this beautifully maintained 2 bedroom, 2 bath home located on a quiet street with scenic mountain views. This inviting property features numerous upgrades, including upgraded duct work to the heat pump, updated flooring, new ceiling fans and newer appliances. The home is partially furnished, offering added convenience for a move-in-ready experience. Whether you're relaxing indoors or taking in the surrounding landscape, this home combines comfort, value and a tranquil setting.

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 $65,502. 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 feet1,057
Property typeSingle Family
MLS #7038909
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)
$733/mo
Source est. payment (PITI)
$1,016/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$65,502

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

$0$65,502
Additional funds needed$0

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