Properties / 11351 N 113TH Drive
FHA ASSUMABLERate: 2.78%

11351 N 113TH Drive

$285,000
Youngtown, AZ 85363
3 beds2 baths1,072 sqftSingle Family
The assumable advantage
2.78%
FHA assumed rate
$29,781 interest already paid off
Estimated Loan Balance$170,232
Cash to close$114,359
Est. Monthly PITI$1,145
Initial Loan Amount$196,377
Time on site2 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$114,768
Cash or secondary financing
Monthly savings
$876
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Beautifully updated and move-in ready! This home features brand-new laminate flooring, fresh interior paint, and a new A/C unit installed in 2025. The property also features solar for added energy efficiency, plus an approximately 266 sq. ft. workshop ideal for projects, hobbies, storage, or additional workspace. Workshop square footage is not included in the home's listed living area. Clean, refreshed, and ready for its next owner!

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 $114,768. 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 feet1,072
Property typeSingle Family
MLS #7077300
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)
$805/mo
Source est. payment (PITI)
$1,145/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$114,768

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

$0$114,768
Additional funds needed$0

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