Properties / 23934 W VERLEA Drive
FHA ASSUMABLERate: 4.99%

23934 W VERLEA Drive

$409,990
Buckeye, AZ 85326
4 beds3 baths1,854 sqftSingle Family
The assumable advantage
4.99%
FHA assumed rate
$64,798 interest already paid off
Estimated Loan Balance$360,508
Cash to close$48,941
Est. Monthly PITI$2,582
Initial Loan Amount$380,962
Time on site1 day
Remaining Term26 years, 7 months
Seller's equity (what you pay)
$49,482
Cash or secondary financing
Monthly savings
$375
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to 23934 W Verlea Dr in Desert Moon Estates! This updated single-story home offers 4 bedrooms and an open, functional layout with upgraded tile flooring throughout. The kitchen features bold black cabinetry, stainless steel appliances, a spacious island, and plenty of room to gather. The primary suite includes a walk-in closet and private bath. Outside, enjoy an extended paver patio, custom gazebo, artificial turf, storage shed, and RV gate. Qualified buyers may have the opportunity to assume the existing FHA loan at a 4.99% interest rate, subject to lender approval. Grant funding may also be available through a preferred lender. Conveniently located near I-10, shopping, dining, and schools.

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 $49,482. 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

Bedrooms4
Bathrooms3
Square feet1,854
Property typeSingle Family
MLS #7077557
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)
$2,043/mo
Source est. payment (PITI)
$2,582/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$49,482

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

$0$49,482
Additional funds needed$0

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