Properties / 12478 W MADERO Drive
FHA ASSUMABLERate: 3.76%

12478 W MADERO Drive

$205,000
Arizona City, AZ 85123
3 beds2 baths1,483 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$48,463 interest already paid off
Estimated Loan Balance$280,188
Cash to close$0
Est. Monthly PITI$1,868
Initial Loan Amount$304,385
Time on site50 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$0
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

Buy this home with 0% down! Providing 3 beds, 2 baths, low-maintenance landscape, RV gate, and a 2-car garage w/extended driveway. The inviting interior features abundant natural light, vaulted ceilings, a designer palette, and tile flooring in all the right places. Designed for everyday living & entertaining, the seamlessly flowing open layout is sure to impress! The kitchen boasts built-in appliances, ample wood cabinetry, a pantry, recessed lighting, and a peninsula w/breakfast bar. The primary bedroom has soft carpet, a mirrored door closet, and an ensuite with dual sinks & a separate tub/shower. Check out the spacious backyard with a fire pit and extended covered patio, where you can relax or BBQ! Unapproved Short Sale. Sold AS-IS

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 $0. 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 feet1,483
Property typeSingle Family
MLS #7055714
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)
$1,420/mo
Source est. payment (PITI)
$1,868/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.