Properties / 9434 E COTTON Road
FHA ASSUMABLERate: 6.43%

9434 E COTTON Road

$320,000
Florence, AZ 85132
3 beds2 baths1,599 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$59,402 interest already paid off
Estimated Loan Balance$287,311
Cash to close$33,999
Est. Monthly PITI$2,277
Initial Loan Amount$297,110
Time on site50 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$32,689
Cash or secondary financing
Monthly savings
$14
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautiful newer construction home featuring 3 bed / 2 bath and a bright open-concept layout designed for modern living. The spacious kitchen offers granite countertops, stylish cabinetry, a large island, and an oversized walk-in pantry with exceptional storage space. The split floor plan provides privacy for the primary suite, complete with dual sinks and a large walk-in closet. Additional highlights include recessed lighting, upgraded finishes, and a rare 3-car tandem garage with plenty of room for vehicles, storage, or hobbies. Situated on a desirable corner lot with a low-maintenance backyard perfect for relaxing or entertaining. Conveniently located near shopping, dining, schools, and more!

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 $32,689. 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 feet1,599
Property typeSingle Family
MLS #7033513
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,873/mo
Source est. payment (PITI)
$2,277/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$32,689

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

$0$32,689
Additional funds needed$0

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