Properties / 8601 N 103RD Avenue
FHA ASSUMABLERate: 3.89%

8601 N 103RD Avenue

$250,000
Peoria, AZ 85345
2 beds2 baths961 sqftSingle Family
The assumable advantage
3.89%
FHA assumed rate
$33,348 interest already paid off
Estimated Loan Balance$185,815
Cash to close$64,185
Est. Monthly PITI$1,272
Initial Loan Amount$202,268
Time on site15 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$64,185
Cash or secondary financing
Monthly savings
$519
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Discover this charming manufactured home in a desirable location close to entertainment, golfing, parks, and the freeway! The interior showcases inviting living areas ready to bring you joy, with wood-look flooring, vaulted ceilings adding a feeling of openness, and a soothing palette that makes you want to stay. The kitchen comes equipped with oak cabinetry, tile backsplash, plenty of counter space, and built-in appliances for a seamless cooking experience. Enjoy a good night's rest in the primary retreat, offering a full bathroom for added comfort and a practical walk-in closet. The backyard offers ample space for entertaining and relaxation, with an easy-care landscape and a shed for added organization. What are you waiting for? Come see it before it's too late!

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 $64,185. 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 feet961
Property typeSingle Family
MLS #7072103
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$955/mo
Source est. payment (PITI)
$1,272/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$64,185

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

$0$64,185
Additional funds needed$0

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