Properties / 139 W DOUGLAS Avenue
FHA ASSUMABLERate: 6.9%

139 W DOUGLAS Avenue

$229,900
Coolidge, AZ 85128
3 beds2 baths1,200 sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$59,753 interest already paid off
Estimated Loan Balance$227,546
Cash to close$3,837
Est. Monthly PITI$1,956
Initial Loan Amount$235,642
Time on site50 days
Remaining Term26 years, 4 months
Seller's equity (what you pay)
$2,354
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

Seller offering $10,000 credit for Solar, Rate Buydown, Closing Costs, or whatever you'd like to use it for!!! Buydown 4.9% for Qualified Buyers, save over $300 a month off your payment vs market rate! Awesome home in Picacho Crossing For Sale! Beautiful desert landscaping and curb appeal greet you as you drive up, with a front patio to enjoy. The inside has a great floorpan, tall ceilings with ceiling fans throughout, and neutral vinyl flooring. You'll love the kitchen with beautiful white cabinetry, stainless steel appliances, pantry, and opens to the family room. The primary bedroom is spacious, able to fit larger furniture, with walk-in closet and primary bathroom. The secondary bedrooms are good size, with shared secondary bathroom. The backyard is already landscaped, with plenty of grass space for kids or pets, and stone and paver patio. If that's not all, enjoy the 2 car garage, inside laundry, and solar to keep utilities low. Welcome home!

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 $2,354. 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 feet1,200
Property typeSingle Family
MLS #6997560
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)
$1,564/mo
Source est. payment (PITI)
$1,956/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$2,354

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

$0$2,354
Additional funds needed$0

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