Properties / 9002 W CORONADO Road
FHA ASSUMABLERate: 2.81%

9002 W CORONADO Road

$389,000
Phoenix, AZ 85037
3 beds2 baths1,806 sqftSingle Family
The assumable advantage
2.81%
FHA assumed rate
$43,287 interest already paid off
Estimated Loan Balance$268,546
Cash to close$122,924
Est. Monthly PITI$1,726
Initial Loan Amount$302,421
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$120,454
Cash or secondary financing
Monthly savings
$1,035
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Energy-efficient, spacious, and perfectly located, this 3-bedroom, 2-bath home with a pool and NO HOA is a rare find! Featuring OWNED solar panels, this home offers both comfort and savings in a prime location near I-10 and Loop 101. Inside, enjoy vaulted ceilings and a bright, airy kitchen with both an eat-in area and a formal dining room overlooking the backyard. The inviting family room features French doors that open to your private outdoor retreat. Step outside to a low-maintenance yard complete with a play pool, two covered patios, RV gate, and a storage shed, perfect for relaxing or entertaining. Additional highlights include built-in garage cabinets and shelving. This home delivers space, functionality, and unbeatable convenience!

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 $120,454. 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 feet1,806
Property typeSingle Family
MLS #7025721
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)
$1,259/mo
Source est. payment (PITI)
$1,726/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$120,454

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

$0$120,454
Additional funds needed$0

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