ASSUMABLE FHA LOAN AT 5.625%! 🔥Buyers -- don't miss this opportunity to take over a low-rate loan and potentially save hundreds each month! This single-story 4-bedroom retreat designed for easy living and entertaining. The open-concept layout flows seamlessly across polished concrete floors, leading to a chef's kitchen with stainless-steel appliances and a spacious island that invites gatherings. Enjoy Arizona evenings on the oversized patio with misting system, overlooking a lush green lawn, raised garden bed with irrigation, and breathtaking South Mountain views framed by a view fence and no rear neighbors. Smart features include a Wi-Fi-controlled camera system, Wi-Fi-enabled landscaping sprinkler system for effortless convenience and split AC system in the garage.
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.
You need to cover the seller's equity of $25,105. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.