Properties / 5427 W BOWKER Street
FHA ASSUMABLERate: 3.51%

5427 W BOWKER Street

$475,000
Laveen, AZ 85339
5 beds3 baths3,024 sqftSingle Family
The assumable advantage
3.51%
FHA assumed rate
$66,390 interest already paid off
Estimated Loan Balance$115,852
Cash to close$359,564
Est. Monthly PITI$1,271
Initial Loan Amount$167,902
Time on site30 days
Remaining Term16 years, 10 months
Seller's equity (what you pay)
$359,148
Cash or secondary financing
Monthly savings
$2,041
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

This spacious 5-bedroom, 3-bath home with a 3-car garage is an incredible value in Laveen! Situated on an oversized lot, you'll love the beautifully redesigned backyard--perfect for entertaining, relaxing, or enjoying Arizona evenings. The versatile floorplan includes a full bedroom and bathroom on the main level, ideal for guests, multigenerational living, or a home office, with four additional bedrooms and two baths upstairs. Immaculately clean and move-in ready, this home offers the perfect opportunity to add your own personal touches. Conveniently located just minutes from Loop 202 for easy access to shopping, dining, downtown Phoenix, and the entire Valley. Don't miss this exceptional 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 $359,148. 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

Bedrooms5
Bathrooms3
Square feet3,024
Property typeSingle Family
MLS #7063975
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)
$760/mo
Source est. payment (PITI)
$1,271/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$359,148

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

$0$359,148
Additional funds needed$0

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