Properties / 1556 W CENTRAL Avenue
FHA ASSUMABLERate: 6.43%

1556 W CENTRAL Avenue

$289,900
Coolidge, AZ 85128
3 beds2 baths1,489 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$56,928 interest already paid off
Estimated Loan Balance$275,655
Cash to close$15,493
Est. Monthly PITI$2,161
Initial Loan Amount$284,737
Time on site50 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$14,245
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Looking for a new home? This charming single-level residence in Heartland Ranch is the one! Offering 3 beds, 2 baths, 2-car garage, and a low-care landscape. Discover an inviting interior showcasing abundant natural light, a neutral palette, tile flooring in common areas, and soft carpet in bedrooms. Designed for everyday living & entertaining, the seamlessly flowing open layout is sure to impress! The open-concept kitchen boasts stainless steel appliances, a pantry, gray shaker cabinetry, recessed & pendant lights, and an island w/breakfast bar. Enter the primary bedroom to find an ensuite with dual sinks and a walk-in closet. The spacious backyard, with a covered patio and artificial turf, is the ideal spot to enjoy relaxing or have a fun gathering. Don't miss this excellent opportunity!

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 $14,245. 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 feet1,489
Property typeSingle Family
MLS #7019742
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)
$1,797/mo
Source est. payment (PITI)
$2,161/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$14,245

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

$0$14,245
Additional funds needed$0

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