Properties / 8626 W LAS PALMARITAS Drive
FHA ASSUMABLERate: 3.89%

8626 W LAS PALMARITAS Drive

$450,000
Peoria, AZ 85345
4 beds3 baths1,933 sqftSingle Family
The assumable advantage
3.89%
FHA assumed rate
$59,544 interest already paid off
Estimated Loan Balance$148,364
Cash to close$301,253
Est. Monthly PITI$1,237
Initial Loan Amount$183,557
Time on site2 days
Remaining Term20 years, 11 months
Seller's equity (what you pay)
$301,636
Cash or secondary financing
Monthly savings
$1,789
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

LOCATION, SPACE, and a home that is move in ready. Welcome to this beautifully REFRESHED 4 bedroom, 3 bath home in Peoria with a 3 CAR GARAGE and RV GATE. Inside, VAULTED CEILINGS open into a large GREAT ROOM with natural light pouring in. BRAND NEW CARPET in all four bedrooms, hallway, and stairs. No carpet on the main floor. FRESH INTERIOR PAINT throughout interior andThe EXTERIOR was just repainted with fascia repairs complete, and the tub professionally REFINISHED. Curb appeal is done. NO FRONT YARD NEIGHBORS, just open green grass and a playground out front. Out back, a SPACIOUS YARD with a refreshed GAZEBO and BUILT IN BBQ space ready for weekend cooking. The 3 CAR GARAGE and RV GATE leave room for your plans. LOW MONTHLY HOA. Peoria Unified School District. Minutes to Loop 101, Arrowhead, Peoria Sports Complex, and Westgate. A true TURN KEY home.

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 $301,636. 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

Bedrooms4
Bathrooms3
Square feet1,933
Property typeSingle Family
MLS #7077837
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)
$865/mo
Source est. payment (PITI)
$1,237/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$301,636

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

$0$301,636
Additional funds needed$0

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