Properties / 23996 W BOWKER Street
FHA ASSUMABLERate: 2.88%

23996 W BOWKER Street

$309,900
Buckeye, AZ 85326
3 beds2 baths1,310 sqftSingle Family
The assumable advantage
2.88%
FHA assumed rate
$42,890 interest already paid off
Estimated Loan Balance$272,737
Cash to close$39,007
Est. Monthly PITI$1,762
Initial Loan Amount$305,367
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$37,163
Cash or secondary financing
Monthly savings
$549
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

This is it, PRICED TO SELL! Your new Home Sweet Home! Welcome to the beautiful and well maintained subdivision of Riata West. This gem is move-in ready and immaculately clean from ceiling to floor. There is tile flooring throughout which makes for an elegant look and easy cleanup. 3 good sized bedrooms and 2 bathrooms. Your new kitchen has an eat-in area, pantry, and plenty of cabinet storage space. The backyard has a covered patio, gazebo area, a clean slate to landscape however you like, and room to relax and entertain. Ideal starter home for a first time buyer and also a great rental property for an investor. Come take a look while it' still available. You won't be disappointed. Newer Water Heater 2025

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 $37,163. 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 feet1,310
Property typeSingle Family
MLS #7035289
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)
$1,279/mo
Source est. payment (PITI)
$1,762/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$37,163

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

$0$37,163
Additional funds needed$0

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