Properties / 6688 W VICTORY Way
FHA ASSUMABLERate: 6.32%

6688 W VICTORY Way

$397,500
Florence, AZ 85132
3 beds2 baths2,003 sqftSingle Family
The assumable advantage
6.32%
FHA assumed rate
$42,790 interest already paid off
Estimated Loan Balance$366,147
Cash to close$31,739
Est. Monthly PITI$2,663
Initial Loan Amount$373,107
Time on site22 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$31,353
Cash or secondary financing
Monthly savings
$25
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

PRISTINE, LIKE NEW HOME! COMPETES w/ NEW BUILDS w/ ASSUMABLE LOW INTEREST LOAN PLUS full landscape & interior finishes!! This stunning Manzanita loaded w/ upgrades, ideally situated in a prime location w/in walking distance to the park, ball fields, community center & school. The beautifully appointed kitchen showcases granite counters, tile backsplash, dbl pull-out shelves, soft-close cabinetry, pendant lighting & spacious walk-in pantry perfectly designed for everyday living. The open-concept floor plan offers a bright, airy, inviting living space that flows seamlessly thru-out the home. The oversized garage provides extra storage & epoxy flooring. Step outside to your private backyard OASIS w/ext. paver patio, low-maintenance turf & fenced yard....ideal! Arizona living at its FINEST!! Parkside Anthem at Merrill Ranch offers catch & release fishing pond, ball fields, tennis & pickleball courts, dog park, play ground, amphitheater, walking paths, community center w/ rock climbing wall, outdoor pool, work out facility, gym, games, exercise classes, WATER PARK w/ slides & kiddie pool! The Anthem Grille, Poston Butte Golf Course, managed by Troon, offers so much more for everyone!!!

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 $31,353. 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 feet2,003
Property typeSingle Family
MLS #7069204
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$2,319/mo
Source est. payment (PITI)
$2,663/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$31,353

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

$0$31,353
Additional funds needed$0

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