Properties / 11554 W BERMUDA Drive
FHA ASSUMABLERate: 6.76%

11554 W BERMUDA Drive

$415,000
Avondale, AZ 85392
3 beds2 baths1,854 sqftSingle Family
The assumable advantage
6.76%
FHA assumed rate
$888 interest already paid off
Estimated Loan Balance$11,228
Cash to close$403,777
Est. Monthly PITI$408
Initial Loan Amount$11,285
Time on site31 days
Remaining Term38 years, 10 months
Seller's equity (what you pay)
$403,772
Cash or secondary financing
Monthly savings
$2,379
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

You have just found your new charming Home Sweet Home! Located in the quiet and well maintained subdivision of Garden Lakes in Avondale you'll be just a few minutes drive to the 101, I-10, and pretty close to the 303. The home has separate living & family rooms, 3 good sized bedrooms, a den, and 2 full baths. It's been well maintained and there is neutral color paint that goes with just about any furniture. No maintenance landscaping in both the front & back yards. The primary bath has a garden tub, separate shower, double sink vanity, walk-in closet, and private toilet room. Your new kitchen has tile backsplash, breakfast bar, and plenty of cabinet storage space. This gem won't last long so hurry and come take a look. You will love it.

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 $403,772. 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 feet1,854
Property typeSingle Family
MLS #7065115
CountyMaricopa County
Assumable loanFHA
Tour this home
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Free · No commitment · Typical reply in 15 min
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)
$68/mo
Source est. payment (PITI)
$408/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$403,772

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

$0$403,772
Additional funds needed$0

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