Properties / 11275 N 99TH Avenue
FHA ASSUMABLERate: 3.76%

11275 N 99TH Avenue

$260,000
Peoria, AZ 85345
2 beds2 baths1,320 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$38,301 interest already paid off
Estimated Loan Balance$221,017
Cash to close$39,830
Est. Monthly PITI$1,480
Initial Loan Amount$240,562
Time on site45 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$38,983
Cash or secondary financing
Monthly savings
$411
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to this lovely updated 2-bedroom, 2-bath manufactured home on owned land in the desirable Desert Vista Place community. Recent updates include new vinyl flooring, baseboards, interior doors, and kitchen appliances. The spacious kitchen offers abundant cabinetry and plenty of storage, while vaulted ceilings and skylights fill the home with natural light, creating a bright and inviting feel throughout. The tandem two-car carport includes an attached workshop with its own A/C, skylight, and foam board insulation, making it perfect for hobbies, a workshop, or additional storage. Enjoy the private backyard with a covered patio, paver hardscaping, block-wall fencing, and low-maintenance landscaping. Desert Vista Place offers a community pool, spa, clubhouse, and children's playgrou with no additional lot rent. You own both the home and the land. Conveniently located with easy access to Loop 101, shopping, dining, and everyday amenities, this home is the perfect blend of comfort, convenience, and value.

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 $38,983. 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

Bedrooms2
Bathrooms2
Square feet1,320
Property typeSingle Family
MLS #7059334
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)
$1,122/mo
Source est. payment (PITI)
$1,480/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$38,983

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

$0$38,983
Additional funds needed$0

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