Properties / 19201 N 7TH Drive
FHA ASSUMABLERate: 6.27%

19201 N 7TH Drive

$430,000
Phoenix, AZ 85027
3 beds2 baths1,068 sqftSingle Family
The assumable advantage
6.27%
FHA assumed rate
$64,762 interest already paid off
Estimated Loan Balance$311,557
Cash to close$118,815
Est. Monthly PITI$2,373
Initial Loan Amount$324,022
Time on site17 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$118,443
Cash or secondary financing
Monthly savings
$532
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Sitting on over a 9,000 sq. ft. lot, this updated 3-bedroom, 2-bath home offers endless possibilities with NO HOA! The original garage has been converted into 300+ square feet of additional living space with its own mini-split system, creating a comfortable third bedroom, home office, gym, or bonus room while maximizing the home's functionality. Inside, you'll find vaulted ceilings, an open-concept floor plan, and unique artistic touches that give the home character and charm. Outside, enjoy an RV gate, an extended driveway with parking for up to four vehicles, and low-maintenance front landscaping. Conveniently located with easy access to I-17, Loop 101, shopping, dining, parks, and schools, this property is perfect for homeowners looking for extra space and flexibility? 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 $118,443. 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 feet1,068
Property typeSingle Family
MLS #7058777
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)
$2,004/mo
Source est. payment (PITI)
$2,373/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$118,443

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

$0$118,443
Additional funds needed$0

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