Properties / 5322 W Coles Road
FHA ASSUMABLERate: 6.86%

5322 W Coles Road

$450,000
Laveen, AZ 85339
3 beds3 baths2,535 sqftSingle Family
The assumable advantage
6.86%
FHA assumed rate
$2,541 interest already paid off
Estimated Loan Balance$31,578
Cash to close$418,461
Est. Monthly PITI$635
Initial Loan Amount$31,999
Time on site28 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$418,422
Cash or secondary financing
Monthly savings
$2,433
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

From the moment you arrive, this 3-bedroom, 2.5-bath home reveals a floor plan that feels thoughtfully arranged, open, and refreshingly different. All four bedrooms and bathrooms are conveniently located on the main level, along with a den that can be used as a study, reading room, hobby space, or quiet retreat. The kitchen opens to the dining and living areas, creating a natural connection between the spaces. With two pantries, a gas stove, and plenty of functional space, the kitchen is designed with convenience in mind. Upstairs, you'll find a spacious loft that offers an entirely separate area to enjoy. It can be transformed into a media or entertainment room, craft room, teen retreat, playroom, or home office. A split 3-car garage provides additional parking and storage options, while the covered patio extends the living space into the backyard, providing a comfortable place to relax, dine outdoors, or entertain guests. Conveniently located in Laveen with easy access to shopping, dining, parks, schools, major roadways, and surrounding Phoenix communities, this home brings together generous space, a practical layout, and plenty of ways to make each area your own in a desirable Southwest Valley location.

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 $418,422. 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
Bathrooms3
Square feet2,535
Property typeSingle Family
MLS #7065122
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)
$221/mo
Source est. payment (PITI)
$635/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$418,422

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

$0$418,422
Additional funds needed$0

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