Properties / 10615 W ALABAMA Avenue
FHA ASSUMABLERate: 3.07%

10615 W ALABAMA Avenue

$265,000
Sun City, AZ 85351
3 beds1 baths1,558 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$36,735 interest already paid off
Estimated Loan Balance$241,166
Cash to close$26,401
Est. Monthly PITI$1,533
Initial Loan Amount$265,109
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$23,834
Cash or secondary financing
Monthly savings
$421
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Expanded 1,558 sq ft H-2 model block home on a 7,000 sq ft north-south lot in Sun City. This versatile layout features an entry foyer, living and dining areas, and a kitchen with added pantry space. Includes 3 bedrooms, 1 bath, and a spacious family room with fireplace. Vinyl plank flooring in main living areas. Enjoy front and back covered patios, with the rear offering a workshop/utility space, locking storage, and evap cooler. Grassy backyard with fruit trees. Double driveway, carport, and shed provide ample parking and storage. Conveniently located near golf, shopping, dining, and community centers. Don't miss this one!

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 $23,834. 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
Bathrooms1
Square feet1,558
Property typeSingle Family
MLS #7016403
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$1,142/mo
Source est. payment (PITI)
$1,533/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$23,834

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

$0$23,834
Additional funds needed$0

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