Properties / 8643 S 253RD Avenue
FHA ASSUMABLERate: 6.72%

8643 S 253RD Avenue

$315,000
Buckeye, AZ 85326
3 beds2 baths1,250 sqftSingle Family
The assumable advantage
6.72%
FHA assumed rate
$983 interest already paid off
Estimated Loan Balance$10,241
Cash to close$304,759
Est. Monthly PITI$379
Initial Loan Amount$10,417
Time on site6 days
Remaining Term26 years, 7 months
Seller's equity (what you pay)
$304,759
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

This Buckeye home offers comfortable living in a growing community with easy access to shopping, dining, schools, and major roadways. Enjoy an open and functional layout with plenty of potential to make this home your own. A great opportunity for a buyer looking for value and space in the West Valley!

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 $304,759. 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 feet1,250
Property typeSingle Family
MLS #7076394
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)
$69/mo
Source est. payment (PITI)
$379/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$304,759

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

$0$304,759
Additional funds needed$0

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