Properties / 11429 W MADERO Drive
FHA ASSUMABLERate: 4.98%

11429 W MADERO Drive

$275,000
Arizona City, AZ 85123
3 beds2 baths1,575 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$55,017 interest already paid off
Estimated Loan Balance$251,452
Cash to close$23,943
Est. Monthly PITI$1,907
Initial Loan Amount$268,620
Time on site46 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$23,548
Cash or secondary financing
Monthly savings
$179
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Own this home with 0% down! This inviting 3-bedroom, 2-bath home features a low-maintenance front yard, a 2-car garage with cabinets, and a bright, open layout with vaulted ceilings, recessed lighting, and a stylish neutral palette. The eat-in kitchen offers granite countertops, shaker cabinetry, built-in appliances, a pantry, and a center island with breakfast bar. The spacious primary suite includes dual sinks and a walk-in closet. Enjoy indoor-outdoor living with a covered patio, generous backyard, powered storage shed, and detached workshop. Solar panels add even more value! Grant availability should be verified with the participating lender and is subject to buyer qualifications

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 $23,548. 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 feet1,575
Property typeSingle Family
MLS #7058763
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)
$1,443/mo
Source est. payment (PITI)
$1,907/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$23,548

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

$0$23,548
Additional funds needed$0

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