Properties / 8928 W FARGO Drive
FHA ASSUMABLERate: 6.78%

8928 W FARGO Drive

$415,000
Peoria, AZ 85382
3 beds2 baths1,412 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$64,942 interest already paid off
Estimated Loan Balance$392,217
Cash to close$23,576
Est. Monthly PITI$3,051
Initial Loan Amount$401,415
Time on site50 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$22,783
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

Welcome to this beautifully maintained single-level home offering exceptional curb appeal with attractive, low-maintenance landscaping and a covered patio, all nestled in the desirable Arrowhead Shores community with no HOA. Inside, you'll find a bright and inviting split floor plan featuring vaulted ceilings, a cozy fireplace, fresh interior and exterior paint, including the garage, and new ceiling fans throughout. The spacious primary suite serves as a private retreat with dual vanities, a separate soaking tub and shower, and a generous walk-in closet. Two additional bedrooms are thoughtfully positioned on the opposite side of the home and share a full hall bathroom, providing privacy for family or guests. The home also features freshly cleaned carpet and tile flooring, along with a convenient two-car garage offering direct access into the home. Enjoy relaxing evenings on the covered patio, take a short stroll to the neighborhood park, and appreciate the convenience of nearby shopping, dining, and entertainment. This move-in-ready home offers the perfect blend of comfort, functionality, and location.

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 $22,783. 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 feet1,412
Property typeSingle Family
MLS #7051131
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)
$2,620/mo
Source est. payment (PITI)
$3,051/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$22,783

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

$0$22,783
Additional funds needed$0

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