Properties / 7836 W RIVERSIDE Avenue
FHA ASSUMABLERate: 5%

7836 W RIVERSIDE Avenue

$379,900
Phoenix, AZ 85043
3 beds2 baths1,318 sqftSingle Family
The assumable advantage
5%
FHA assumed rate
$77,086 interest already paid off
Estimated Loan Balance$343,905
Cash to close$36,537
Est. Monthly PITI$2,543
Initial Loan Amount$367,878
Time on site27 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$35,995
Cash or secondary financing
Monthly savings
$259
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to this beautiful 3-bedroom, 2-bath home in the gated Tuscano community! Built in 2021, this single-story home offers a bright, open layout with tile flooring throughout the main living areas and a spacious kitchen featuring granite countertops, a large island, stainless steel appliances, pantry, and ample cabinet space. The primary suite offers a private bath and generous closet space, while the additional bedrooms provide flexibility for guests or a home office. Enjoy a low-maintenance backyard with a covered patio and plenty of room to make the space your own. Located just steps from the community park and playground, this home combines the privacy of a gated neighborhood with convenient access to outdoor recreation and West Phoenix.

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 $35,995. 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 feet1,318
Property typeSingle Family
MLS #7066995
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)
$1,981/mo
Source est. payment (PITI)
$2,543/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$35,995

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

$0$35,995
Additional funds needed$0

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