Properties / 8734 W INDIANOLA Avenue
FHA ASSUMABLERate: 7.22%

8734 W INDIANOLA Avenue

$294,999
Phoenix, AZ 85037
2 beds2 baths1,086 sqftSingle Family
The assumable advantage
7.22%
FHA assumed rate
$58,759 interest already paid off
Estimated Loan Balance$311,108
Cash to close$0
Est. Monthly PITI$2,543
Initial Loan Amount$319,014
Time on site33 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$0
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

This charming 2-bedroom, 2-bath home offers a great opportunity in a highly convenient West Valley location. The home features several valuable updates, including a new HVAC system (2023), new roof (2023), and new LVP wood-plank flooring (2023) throughout the great room, bedrooms, and both bathrooms. The kitchen and dining areas feature tile flooring. Enjoy a functional floor plan with comfortable living spaces. The location is ideal, with immediate access to both the I-10 and Loop 101 freeways, making commuting throughout the Valley convenient.You'll also be close to local schools, State Farm Stadium, Westgate Entertainment District, shopping, dining, and entertainment putting everything the West Valley has to offer within easy reach. Whether you're a first-time buyer, downsizing or looking for a home in a convenient location, a wonderful opportunity to make your own.

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 $0. 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 feet1,086
Property typeSingle Family
MLS #7064466
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)
$2,174/mo
Source est. payment (PITI)
$2,543/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.