Properties / 8739 W TURNEY Avenue
FHA ASSUMABLERate: 5.55%

8739 W TURNEY Avenue

$345,000
Phoenix, AZ 85037
2 beds2 baths984 sqftSingle Family
The assumable advantage
5.55%
FHA assumed rate
$70,186 interest already paid off
Estimated Loan Balance$321,321
Cash to close$24,127
Est. Monthly PITI$2,385
Initial Loan Amount$338,751
Time on site17 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$23,679
Cash or secondary financing
Monthly savings
$96
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Assumable Loan Ask Listing Agent for more details - 2 Bedroom, 2 Bath - Remodeled in 2019, new Roof, New pebble tech pool, new windows & doors. NO HOA! Extended driveway, low care front and backyard. Inside you'll be greeted by an open living and dining area, two-tone grey paint, and Luxury vinyl flooring, and tile throughout the home. Kitchen equipped w/well-appointed white cabinetry, black appliances, granite counters, and a rolling stainless top counter for meal prep. In the main bedroom, you'll see a wonderful spacious bath with a rain shower head, a private water closet, and a large custom closet area. Enjoy the large blue pebbletech pool, perfect to beat the summer heat, along with a covered patio, grass area, storage, and lots of spaces.

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 $23,679. 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

Bedrooms2
Bathrooms2
Square feet984
Property typeSingle Family
MLS #7071103
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
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
Call

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)
$1,939/mo
Source est. payment (PITI)
$2,385/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$23,679

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

$0$23,679
Additional funds needed$0

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