Properties / 11142 W XAVIER Drive
FHA ASSUMABLERate: 6.34%

11142 W XAVIER Drive

$239,000
Arizona City, AZ 85123
3 beds2 baths1,186 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$38,461 interest already paid off
Estimated Loan Balance$183,247
Cash to close$55,967
Est. Monthly PITI$1,491
Initial Loan Amount$190,262
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$55,753
Cash or secondary financing
Monthly savings
$224
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Why buy new and then spend thousands finishing the house? Built in 2023, this 3 bedroom, 2 bath home already has some of the extras you often have to add after closing. The block fenced backyard is landscaped and includes a watering system and storage shed, while the front yard also has a watering system. Inside, the open floor plan connects the living, dining and kitchen areas, with granite counters, stainless appliances, refrigerator and pantry. The primary suite includes a walk-in closet, double sinks and private bath. Even the 2 car garage is ready for real-life storage with shelving and cabinets already installed. No HOA and move-in ready with the work already done!

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 $55,753. 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 feet1,186
Property typeSingle Family
MLS #7055625
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)
$1,185/mo
Source est. payment (PITI)
$1,491/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$55,753

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

$0$55,753
Additional funds needed$0

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