Properties / 6624 W Sonoma Way
FHA ASSUMABLERate: 2.96%

6624 W Sonoma Way

$334,300
Florence, AZ 85132
3 beds2 baths1,756 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$28,319 interest already paid off
Estimated Loan Balance$175,718
Cash to close$160,143
Est. Monthly PITI$1,312
Initial Loan Amount$196,031
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$158,582
Cash or secondary financing
Monthly savings
$1,140
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

No solar payments! Great price! Only 5 yrs. old!. Welcome to your desert retreat in the highly sought-after resort-style golf community of Anthem at Merrill Ranch! Perfectly situated on a premium lot that backs to a walking trail, this beautiful home offers privacy, comfort, and access to an unmatched lifestyle filled with amenities designed for both relaxation and recreation. This home features a charming front courtyard and a kitchen with white staggered cabinetry with soft-close drawers and gleaming granite. Come experience the lifestyle, the community, and the place you'll be proud to own as your home. A charming front courtyard greets you in the front, the front yard is enhanced with attractive brickwork and low-maintenance landscaping, creating a welcoming and polished curb appeal. Living in Anthem at Merrill Ranch means more than just owning a home--it's about embracing a lifestyle. Residents enjoy access to a wide array of resort-style amenities, including a golf course, a heated community pool, state-of-the-art fitness center, workout room, and multiple sports courts for pickleball, tennis, and basketball. The community also features scenic lake parks, walking and biking trails, and beautifully maintained green spaces that invite you to stay active and connected. Come experience the lifestyle, the community, and the place you'll be proud to own as your home. Upgrades: *Soft water loop installed *Soft close kitchen drawers *Front Courtyard *Brick throughout landscaping *Front & Back professionally landscaped *Granite counter tops *Staggered Kitchen Cabinets *Stainless steel appliances *Garage shelves mounted to the ceiling *Back patio wired for fan *Surround sound wired *Gas stub in backyard *Tankless hot water heater * BACKS TO WALKING TRAIL *Consistant gray tile flooring *Garage extension

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 $158,582. 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 feet1,756
Property typeSingle Family
MLS #7019722
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)
$831/mo
Source est. payment (PITI)
$1,312/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$158,582

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

$0$158,582
Additional funds needed$0

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