Properties / 8953 E OHIO Avenue
FHA ASSUMABLERate: 6.99%

8953 E OHIO Avenue

$285,000
Sun Lakes, AZ 85248
2 beds2 baths1,750 sqftSingle Family
The assumable advantage
6.99%
FHA assumed rate
$38,174 interest already paid off
Estimated Loan Balance$241,208
Cash to close$44,938
Est. Monthly PITI$1,986
Initial Loan Amount$245,471
Time on site50 days
Remaining Term27 years, 10 months
Seller's equity (what you pay)
$43,792
Cash or secondary financing
Monthly savings
$40
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Experience the best of active adult living in the highly sought-after Sun Lakes community--without age restrictions in this section. This well-maintained, owned-property home (no lot fee) offers both comfort and value in a vibrant, amenity-rich setting. Inside, you'll find a spacious and thoughtfully designed layout featuring two generously sized bedrooms and two bathrooms, along with a convenient indoor laundry room. The open-concept floor plan creates an inviting atmosphere ideal for both everyday living and entertaining. Ample storage is available throughout the home, ensuring everything has its place. Step outside to discover additional storage options, including a substantial 10x20 storage unit--perfect for housing a golf cart or extra belongings. Residents enjoy access to an impressive array of community amenities, including golf courses, fitness centers, social clubs, and a variety of activities designed to support an active and connected lifestyle. Whether you're relaxing at home or taking advantage of the resort-style offerings, this property delivers the perfect blend of comfort, convenience, and community living.

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 $43,792. 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 feet1,750
Property typeSingle Family
MLS #7015438
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)
$1,641/mo
Source est. payment (PITI)
$1,986/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$43,792

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

$0$43,792
Additional funds needed$0

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