Properties / 9124 W BERKELEY Road
FHA ASSUMABLERate: 4.67%

9124 W BERKELEY Road

$394,900
Phoenix, AZ 85037
3 beds2 baths1,568 sqftSingle Family
The assumable advantage
4.67%
FHA assumed rate
$71,533 interest already paid off
Estimated Loan Balance$347,456
Cash to close$48,020
Est. Monthly PITI$2,514
Initial Loan Amount$373,117
Time on site21 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$47,444
Cash or secondary financing
Monthly savings
$394
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Move-In Ready Beauty in Desirable Sheely Farms! Beautifully updated single-level home offers 3 bedrooms, 2 baths, and 2-car garage with low-maintenance landscaping. Step inside to an open great room filled with natural light with 9' ceilings, designer finishes, and newer wood-look LVP throughout. The stunning kitchen features quartz countertops, stainless steel appliances, white cabinetry, a pantry, recessed lighting, and a breakfast bar. The spacious primary suite includes dual vanities, a soaking tub, separate glass shower, and walk-in closet. Versatile secondary bedrooms are perfect for guests or a home office. Relax or entertain in the oversized backyard with a covered patio. Conveniently located near parks, shopping, dining, schools, and freeways--this turnkey home is a must-see! Move-In ready home...interior just painted throughout, newly installed luxury vinyl plank flooring, newer quartz counter tops, Farmer sink, newer stainless steel dishwasher, newer 2" white wood faux window blinds, cabinets all redone as well.

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 $47,444. 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 feet1,568
Property typeSingle Family
MLS #7069638
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)
$1,935/mo
Source est. payment (PITI)
$2,514/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$47,444

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

$0$47,444
Additional funds needed$0

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