Properties / 15159 N 90TH Lane
FHA ASSUMABLERate: 6.46%

15159 N 90TH Lane

$399,900
Peoria, AZ 85381
3 beds2 baths1,221 sqftSingle Family
The assumable advantage
6.46%
FHA assumed rate
$32,415 interest already paid off
Estimated Loan Balance$259,207
Cash to close$140,693
Est. Monthly PITI$2,042
Initial Loan Amount$264,550
Time on site13 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$140,693
Cash or secondary financing
Monthly savings
$691
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Welcome to this updated 3-bedroom, 2-bathroom single-level home nestled in the highly sought-after Summerwind at Desert Harbor community. Positioned on a desirable north/south exposure cul-de-sac lot, this property offers peaceful privacy with no interior steps. Inviting Living Space: Step inside to an open-concept floor plan enhanced by vaulted ceilings, abundant natural light, and stylish wood-like plank flooring. Modern Kitchen: The bright eat-in kitchen features premium granite countertops, a spacious pantry, and quality stainless steel appliances--ideal for everyday cooking or casual hosting. Relaxing Owner's Suite: The primary bedroom includes an en-suite full bathroom with a dual-sink vanity and a new walk-in shower. Comfort & Convenience: Equipped with dual-pane windows and high-speed internet readiness for modern ease. Location & Lifestyle: This home is just minutes from the Peoria Sports Complex so attending Spring Training games is a must! Also nearby is Rio Vista Community Park, local lakes, and the popular shopping, dining, and entertainment options along the P83 district and Bell Corridor. With quick access to the Loop 101 freeway, commuting across the Phoenix valley is a breeze. Don't miss the chance to own a fantastic home in a prime West Valley location!

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 $140,693. 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 feet1,221
Property typeSingle Family
MLS #7072974
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)
$1,667/mo
Source est. payment (PITI)
$2,042/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$140,693

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

$0$140,693
Additional funds needed$0

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