Properties / 12709 W VENTURA Street
FHA ASSUMABLERate: 5.41%

12709 W VENTURA Street

$370,000
El Mirage, AZ 85335
4 beds3 baths2,178 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$92,933 interest already paid off
Estimated Loan Balance$422,092
Cash to close$0
Est. Monthly PITI$3,042
Initial Loan Amount$441,849
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

SHORT SALE OPPORTUNITY - EL MIRAGE, AZ 12708 W Ventura St, El Mirage, AZ. Great opportunity to purchase a single-family home through a lender-approved short sale. Property is being sold AS-IS and requires repairs and updating, which is reflected in the price. Ideal for investors, cash buyers, or renovation buyers seeking value in Maricopa County. Convenient West Valley location near Grand Ave, Loop 303, shopping, dining, and employment centers. Strong rental demand and long-term upside potential. Short sale subject to lender approval. Seller will make no repairs or credits. Allow additional time for response. Proof of funds or lender pre-approval required. Buyer to verify all facts and perform due diligence.

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 $0. 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 feet2,178
Property typeSingle Family
MLS #6935953
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)
$2,519/mo
Source est. payment (PITI)
$3,042/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.