Properties / 6384 W GEORGETOWN Way
FHA ASSUMABLERate: 6.78%

6384 W GEORGETOWN Way

$310,000
Florence, AZ 85132
3 beds3 baths1,998 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$55,911 interest already paid off
Estimated Loan Balance$377,959
Cash to close$0
Est. Monthly PITI$3,081
Initial Loan Amount$384,914
Time on site50 days
Remaining Term27 years, 11 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

Short Sale Opportunity! This beautiful 2024 home in the Summit neighborhood of Anthem at Merrill Ranch is offered as a short sale and is subject to lender approval. Featuring 3 bedrooms, 2.5 bathrooms, and 1,998 sq ft on a spacious corner lot with excellent north/south exposure. Gourmet kitchen boasts Barnette Maple Latte cabinets, New Caledonia granite countertops, large island with breakfast bar, and walk-in pantry. Upgraded tile and carpet flooring throughout plus energy-efficient features. Conveniently located near community parks, the community center, Anthem Elementary School (K-8), and Poston Butte Golf Course. Front yard landscaping included. Great value in one of Florence's premier communities! Property 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
Bathrooms3
Square feet1,998
Property typeSingle Family
MLS #7027479
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)
$2,517/mo
Source est. payment (PITI)
$3,081/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.