Tucked away in a non-HOA neighborhood of El Mirage, this home offers 4 bedrooms upstairs, one leading to the balcony, a flexible studio space downstairs with its own private entry. Ideal for guest or extended family or maybe as a rental. Step out to the big backyard with gated pool, extra storage and 2 outdoor showers. Plenty of parking, close to schools and convenient to everything. It's easy to picture everyday life falling into place here. Studio can easily be reversed back into the master bedroom. Which would put it back to its original 5 bedrooms.
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.
You need to cover the seller's equity of $64,130. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.