Properties / 7034 N 162ND Avenue
FHA ASSUMABLERate: 6.34%

7034 N 162ND Avenue

$570,000
Litchfield Park, AZ 85340
3 beds2 baths1,578 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$90,708 interest already paid off
Estimated Loan Balance$433,675
Cash to close$138,841
Est. Monthly PITI$3,230
Initial Loan Amount$448,717
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$136,325
Cash or secondary financing
Monthly savings
$556
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Welcome to this manufactured home on desirable horse property! With East/West exposure & a setting along unpaved roads, this property delivers privacy, open skies, & room to roam. Inside, you'll find a warm interior featuring a mix of tile & wood flooring, dual-pane windows, & a brand new A/C system. The cozy family room provides a space to relax, while the kitchen has laminate counters, a breakfast bar, & a charming breakfast nook. Split main bedroom offers a well-appointed bathroom with dual sinks & a walk-in closet. Additional features, such as baseboard heating, enhance the home's functionality! Enjoy a grassy backyard with a covered patio, an RV gate, an RV hookup, ample storage space, & updated septic system. Horse enthusiasts will appreciate the dedicated stall & arena! Must see!

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 $136,325. 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 feet1,578
Property typeSingle Family
MLS #7007322
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)
$2,805/mo
Source est. payment (PITI)
$3,230/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$136,325

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

$0$136,325
Additional funds needed$0

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