Properties / 7540 W TURNEY Avenue
FHA ASSUMABLERate: 4.23%

7540 W TURNEY Avenue

$370,000
Phoenix, AZ 85033
3 beds2 baths1,412 sqftSingle Family
The assumable advantage
4.23%
FHA assumed rate
$29,031 interest already paid off
Estimated Loan Balance$33,225
Cash to close$336,914
Est. Monthly PITI$529
Initial Loan Amount$52,118
Time on site45 days
Remaining Term14 years, 4 months
Seller's equity (what you pay)
$336,775
Cash or secondary financing
Monthly savings
$1,924
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

A beautiful 3-bedroom, 2-bath Solid block construction residence that is move-in ready! This home features a 2-car garage. The HVAC is 2 1/2 yrs old to keep the home comfortable year-round. The water heater is 2yrs old and the roof is 3yrs old. The sliding glass door along with the large windows allow the abundant bright light to bring that warm, inviting home atmosphere. The large backyard is ready for outdoor entertaining and creating family memories. Conveniently located near shopping, dining, parks, schools, and freeway access. Cash, FHA, and Conventional financing all accepted -- don't miss this opportunity! Buyer/Buyer's Agent to verify all information, including but not limited to square footage, lot size, schools, and HOA details.

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 $336,775. 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 feet1,412
Property typeSingle Family
MLS #7059038
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$258/mo
Source est. payment (PITI)
$529/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$336,775

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

$0$336,775
Additional funds needed$0

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