Properties / 9059 S 253RD Avenue
FHA ASSUMABLERate: 6.38%

9059 S 253RD Avenue

$364,990
Buckeye, AZ 85326
5 beds3 baths2,142 sqftSingle Family
The assumable advantage
6.38%
FHA assumed rate
$115,034 interest already paid off
Estimated Loan Balance$73,792
Cash to close$291,878
Est. Monthly PITI$1,084
Initial Loan Amount$117,161
Time on site44 days
Remaining Term11 years, 10 months
Seller's equity (what you pay)
$291,198
Cash or secondary financing
Monthly savings
$1,410
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Looking for a new home? You've found it! This beautiful 5 bed, 2.5 bath residence in Parkplace at Buckeye boasts charming curb appeal, an easy-care front yard, and a 2 car garage. Inside you will find spacious dining & living areas featuring wood-look tile flooring, high ceilings, and custom palette throughout. The galley kitchen is comprised of ample cabinetry w/crown molding, solid surface counters, a pantry, high-end stainless steel appliances, and a peninsula w/a breakfast bar. Enjoy a good night's sleep in the primary bedroom, showcasing a private ensuite and a walk-in closet for all your belongings. Also including a large backyard ready to become your own personal oasis, this home has it all! Act now before it's gone!

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 $291,198. 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

Bedrooms5
Bathrooms3
Square feet2,142
Property typeSingle Family
MLS #7059971
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)
$742/mo
Source est. payment (PITI)
$1,084/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$291,198

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

$0$291,198
Additional funds needed$0

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