Properties / 16068 W CULVER Street
FHA ASSUMABLERate: 5.55%

16068 W CULVER Street

$399,000
Goodyear, AZ 85338
4 beds3 baths2,232 sqftSingle Family
The assumable advantage
5.55%
FHA assumed rate
$88,284 interest already paid off
Estimated Loan Balance$394,167
Cash to close$4,276
Est. Monthly PITI$2,948
Initial Loan Amount$417,302
Time on site0 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$4,833
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

Beautiful 4-bedroom, 2.5-bathroom home in Canyon Trails. A remodeled kitchen boasting stainless steel appliances. The living room provides an inviting space enhanced by neutral paint tones and laminate flooring throughout. Upstairs you will find a spacious loft area. The primary suite features a double-door entry, walk-in closet, and an ensuite bathroom complete with dual sinks, a soaking tub, and a separate standing shower. Conveniently located, this home provides easy access to schools, parks, entertainment venues, restaurants, grocery stores, and retail shops. Close to the Goodyear Ballpark, the spring training facility for the Cincinnati Reds/ Cleveland Guardians. With quick access to I-10 and Loop 303, as well as the Goodyear Civic and Recreational Center.

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 $4,833. 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

Bedrooms4
Bathrooms3
Square feet2,232
Property typeSingle Family
MLS #7078755
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)
$2,383/mo
Source est. payment (PITI)
$2,948/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$4,833

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

$0$4,833
Additional funds needed$0

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