Properties / 11873 N REED Road
FHA ASSUMABLERate: 5.23%

11873 N REED Road

$332,900
Florence, AZ 85132
3 beds2 baths1,297 sqftSingle Family
The assumable advantage
5.23%
FHA assumed rate
$47,233 interest already paid off
Estimated Loan Balance$214,905
Cash to close$118,956
Est. Monthly PITI$1,638
Initial Loan Amount$227,920
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$117,995
Cash or secondary financing
Monthly savings
$700
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Discover your dream horse property on this 1.1/4 acre lot in beautiful Florence Arizona. Live with no HOA and horse friendly GR zoning. This charming manufactured home features three spacious bedrooms with a large walk in closet in the primary bedroom and a bonus room and two full baths. Enjoy the freedom of having your own horses right on your land. Stunning desert views and plenty of space for outdoor activities, this is the perfect place for horse lovers and anyone seeking a serene lifestyle. Don't miss out on this unique opportunity in Florence Az Just outside of town with horse amenities: including four 18x36 horse pens, and partially fenced 80 x 165 arena! This property is a quick haul to Whitlow Arena and Arizona Trail!!! Florence is growing up... don't miss out

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 $117,995. 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 feet1,297
Property typeSingle Family
MLS #7038313
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)
$1,263/mo
Source est. payment (PITI)
$1,638/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$117,995

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

$0$117,995
Additional funds needed$0

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