Properties / 232 S OAK Street
FHA ASSUMABLERate: 6.58%

232 S OAK Street

$265,000
Florence, AZ 85132
3 beds2 baths1,441 sqftSingle Family
The assumable advantage
6.58%
FHA assumed rate
$67,330 interest already paid off
Estimated Loan Balance$261,431
Cash to close$4,182
Est. Monthly PITI$2,224
Initial Loan Amount$272,866
Time on site50 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$3,569
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

NEW PRICE-INCREDIBLE VALUE! Why wait for a new build when you can own this beautifully maintained 2022 home today? Tucked away on a quiet cul-de-sac, this move-in-ready home offers an open-concept layout with a spacious great room, dining area, and stylish kitchen featuring granite countertops, Whirlpool® appliances, rich wood cabinetry w/crown molding, a large center island, and a convenient USB charging outlet. The thoughtfully designed split floor plan provides privacy for the generous primary suite, complete with a double rain shower, linen closet, and oversized walk-in closet. Outside, enjoy an oversized pie-shaped backyard with a full block fence--ready for entertaining, pets, gardening, or your future pool. At just $265,000, this home offers exceptional value for a nearly new home.

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 $3,569. 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 feet1,441
Property typeSingle Family
MLS #7049746
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)
$1,745/mo
Source est. payment (PITI)
$2,224/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$3,569

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

$0$3,569
Additional funds needed$0

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