Properties / 1126 W AUBURN Drive
FHA ASSUMABLERate: 6.82%

1126 W AUBURN Drive

$369,000
Tempe, AZ 85283
2 beds1 baths910 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$56,885 interest already paid off
Estimated Loan Balance$353,596
Cash to close$15,758
Est. Monthly PITI$2,780
Initial Loan Amount$361,825
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$15,404
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

MOTIVATED SELLER! Bring us an offer today!!! Welcome to this charming 2-bed, 1-bath home in Tempe's desirable Wood Park Village! Step inside to a bright, open layout with tile flooring, solar-screened windows, and a spacious eat-in kitchen. Enjoy year-round comfort with leased solar panels, making it a perfect for sustainable living option. The large backyard with a covered patio is ideal for relaxing or entertaining. A two-car garage plus extra parking offers plenty of space for vehicles and storage. Located in a friendly neighborhood close to parks, top schools, shopping, dining, and major commuter routes--this move-in-ready home blends comfort, convenience, and eco-friendly features in a fantastic Tempe location!

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 $15,404. 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
Bathrooms1
Square feet910
Property typeSingle Family
MLS #7056039
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)
$2,368/mo
Source est. payment (PITI)
$2,780/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$15,404

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

$0$15,404
Additional funds needed$0

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