Properties / 1405 E 9TH Street
FHA ASSUMABLERate: 6.5%

1405 E 9TH Street

$232,500
Douglas, AZ 85607
4 beds2 baths1,750 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$10,639 interest already paid off
Estimated Loan Balance$108,442
Cash to close$124,166
Est. Monthly PITI$1,021
Initial Loan Amount$109,991
Time on site46 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$124,058
Cash or secondary financing
Monthly savings
$674
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Charming 4-Bedroom Home with Detached Guest Apartment Charming 4-bedroom, 2-bath home full of character, space, and opportunity. This inviting property features a functioning fireplace, a welcoming front porch, and classic brick curb appeal. The detached apartment in the backyard provides endless possibilities for extended family, guests, a home office, or potential rental income. Square footage to be obtained. Situated on a generous lot with plenty of outdoor space, this property offers both comfort and investment potential. Don't miss this unique opportunity to own a versatile home with additional living quarters and endless possibilities.

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 $124,058. 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
Bathrooms2
Square feet1,750
Property typeSingle Family
MLS #7059029
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)
$697/mo
Source est. payment (PITI)
$1,021/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$124,058

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

$0$124,058
Additional funds needed$0

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