Properties / 16329 W LATHAM Street
FHA ASSUMABLERate: 2.96%

16329 W LATHAM Street

$394,900
Goodyear, AZ 85338
4 beds3 baths2,575 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$53,063 interest already paid off
Estimated Loan Balance$327,796
Cash to close$68,571
Est. Monthly PITI$2,146
Initial Loan Amount$367,317
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$67,104
Cash or secondary financing
Monthly savings
$778
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Highly desirable neighborhood of La Ventilla right in the sweet spot of Goodyear enjoying a premium lot at the back of a culdesac. Beautifully updated and lovingly maintained, this turn-key home offers exceptional comfort, charm, and an impressive list of upgrades for the discerning buyer. The welcoming covered entry leads into a bright, open floorplan filled with tons of natural light. The home features four bedrooms, a huge loft and three baths. The chef's island kitchen is designed for serious cooking, complete with upgraded cabinetry with 42'' uppers, a walk-in pantry and a breakfast bar. Premium stainless-steel appliances include a gas range, a built-in microwave and a deluxe side-by-side refrigerator completes the kitchen. Gorgeous wood-plank tile floors extend through most of the home and is paired with plush neutral carpet in the bedrooms and loft. The dual-pane windows enhance comfort and efficiency while the productive solar system provides a 12-month average electric bill of just $75 per month. The exceptional primary suite features a dual-sink vanity, a separate tub and shower and a large walk-in closet. The backyard is a true retreat with a lengthy and relaxing covered patio with plenty of synthetic grass. Additional amenities include 2" blinds throughout, a tankless gas water heater, reverse osmosis, water softener, a roomy 2-car garage and rain gutters with beautiful stucco-wrapped eaves. The large laundry room includes a nice washer and dryer set. This superb location provides outstanding access to the refreshing neighborhood swimming pool, a children's playground and multiple greenbelt areas. In addition, Estrella Mountain Regional Park is nearby along with convenient shopping opportunities, coffee shops, popular restaurants, top-rated local schools, and easy access to the I-10, 101 and 202 freeways offering excellent connectivity to Scottsdale and 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 $67,104. 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 feet2,575
Property typeSingle Family
MLS #7054546
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)
$1,551/mo
Source est. payment (PITI)
$2,146/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$67,104

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

$0$67,104
Additional funds needed$0

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