Properties / 11059 W FARGO Drive
FHA ASSUMABLERate: 4.07%

11059 W FARGO Drive

$475,000
Sun City, AZ 85351
3 beds2 baths1,465 sqftSingle Family
The assumable advantage
4.07%
FHA assumed rate
$52,890 interest already paid off
Estimated Loan Balance$170,745
Cash to close$305,728
Est. Monthly PITI$1,345
Initial Loan Amount$196,377
Time on site50 days
Remaining Term22 years, 11 months
Seller's equity (what you pay)
$304,255
Cash or secondary financing
Monthly savings
$1,845
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Completely remodeled LIKE NEW sun city home on large premium not! No stress here with updated plumbing, electrical, roof, TRULY a move in ready home with a classy and efficient upgraded interior. Wide hallways, open space easy to use, great daylighting, space to entertain friends and family. Stunning granite countertops, cabinetry, beautiful and tasteful bathrooms, recessed lighting, and lvp flooring that flows very well. Large lot with pool yet also very low maintenance and easy to take care of. 2 car garage gives you plenty of space for parking and additional parking spots for guests! Ideal location near golf courses, community centers, shopping, hospitals, restaurants, and fun! So much to do in this active adult community of sun city, this is the BEST home under 500K!

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 $304,255. 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 feet1,465
Property typeSingle Family
MLS #7029760
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)
$956/mo
Source est. payment (PITI)
$1,345/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$304,255

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

$0$304,255
Additional funds needed$0

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