Properties / 8668 S 254TH Drive
FHA ASSUMABLERate: 3.92%

8668 S 254TH Drive

$389,000
Buckeye, AZ 85326
4 beds3 baths2,750 sqftSingle Family
The assumable advantage
3.92%
FHA assumed rate
$58,033 interest already paid off
Estimated Loan Balance$155,873
Cash to close$235,383
Est. Monthly PITI$1,303
Initial Loan Amount$186,558
Time on site50 days
Remaining Term21 years, 5 months
Seller's equity (what you pay)
$233,127
Cash or secondary financing
Monthly savings
$1,397
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Refreshed, ready to go AND lowest price per s.f. in the neighborhood! Come see this large home today! Freshly painted and updated, ready for move in! 2750 sq ft, 4 bedrooms, 2.5 baths and an entertainers dream backyard with full outdoor BBQ kitchen and ramada! Inside kitchen has plenty of fresh white cabinets, new quartz counter tops, new White Glass Samsung appliances include refrigerator, microwave, smooth top stove & dishwasher. All bathrooms have been completely renovated as well. Main bedroom suite with spotless bathroom & walk-in closet are located downstairs, along with 1/2 bath just off the family room. Laundry room, large kids playroom, game room or office, plus 3 HUGE bedrooms upstairs. Pavers and artificial turf backyard, rock front yard are all low maintenance.

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 $233,127. 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 feet2,750
Property typeSingle Family
MLS #6994812
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)
$897/mo
Source est. payment (PITI)
$1,303/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$233,127

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

$0$233,127
Additional funds needed$0

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