Properties / 8601 N 103rd Avenue
FHA ASSUMABLERate: 6.5%

8601 N 103rd Avenue

$337,500
Peoria, AZ 85345
4 beds2 baths1,475 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$6,290 interest already paid off
Estimated Loan Balance$193,447
Cash to close$144,231
Est. Monthly PITI$1,511
Initial Loan Amount$193,976
Time on site43 days
Remaining Term29 years, 7 months
Seller's equity (what you pay)
$144,053
Cash or secondary financing
Monthly savings
$762
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Built in 2026, NEVER lived in. This brand new 4 bedroom, 2 bathroom manufactured home in Peoria, AZ 85345 offers extra space at an affordable price. The open concept, split bedroom floor plan provides privacy and flexibility, while the large yard, community park, and sport courts offer room to play, gather, and enjoy the outdoors. Ample on-site parking accommodates multiple vehicles, and new major systems mean fewer maintenance concerns. Enjoy OWNED LAND instead of a leased lot, low HOA fees, low property taxes, and eligibility for low down payment FHA and VA financing. Just off Loop 101 and minutes from Westgate Entertainment District's shopping, dining, sports, and entertainment, this move-in ready home delivers huge value. Be the first to enjoy every room, appliance, fixture, and finish

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 $144,053. 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 feet1,475
Property typeSingle Family
MLS #7060178
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)
$1,228/mo
Source est. payment (PITI)
$1,511/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$144,053

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

$0$144,053
Additional funds needed$0

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