Properties / 10577 W FERNANDO Drive
FHA ASSUMABLERate: 3.34%

10577 W FERNANDO Drive

$232,000
Arizona City, AZ 85123
3 beds2 baths1,370 sqftSingle Family
The assumable advantage
3.34%
FHA assumed rate
$57,047 interest already paid off
Estimated Loan Balance$98,893
Cash to close$133,107
Est. Monthly PITI$961
Initial Loan Amount$147,750
Time on site7 days
Remaining Term16 years, 5 months
Seller's equity (what you pay)
$133,107
Cash or secondary financing
Monthly savings
$715
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

A LOT of property for $232,000! This 3 bedroom, 2 bath Arizona City home sits on an oversized approximately 15,000 sq ft parcel, offering not only a private block-walled backyard, but a substantial additional open area, that is part of the same property and included under one APN. Inside, you'll find a spacious living room, comfortable bedrooms and a freshly painted interior, while the exterior has also been freshly painted for a clean, move-in-ready feel. The seller is offering a $2,000 flooring allowance, giving the new owner the opportunity to choose flooring that suits their style, plus 2% toward buyer closing costs. Outside is where this property really stands apart. Enjoy the privacy of the block-walled backyard while the additional open portion of the approximately 15,000 sq f parcel provides room for the new owner to imagine how they might use the extra space. Priced to sell at $232,000, this property offers something increasingly difficult to find at this price point: a comfortable 3-bedroom home, a private backyard, significant additional land and valuable buyer incentives, all together in one property.

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 $133,107. 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 feet1,370
Property typeSingle Family
MLS #7075770
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)
$653/mo
Source est. payment (PITI)
$961/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$133,107

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

$0$133,107
Additional funds needed$0

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