Properties / 12553 W WASHINGTON Street
FHA ASSUMABLERate: 4.99%

12553 W WASHINGTON Street

$400,000
Avondale, AZ 85323
3 beds2 baths1,575 sqftSingle Family
The assumable advantage
4.99%
FHA assumed rate
$69,922 interest already paid off
Estimated Loan Balance$339,220
Cash to close$60,780
Est. Monthly PITI$2,505
Initial Loan Amount$361,212
Time on site6 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$60,780
Cash or secondary financing
Monthly savings
$419
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

A charming corner-lot starter home offering 3 bedrooms, 2 baths, and 1,575 SqFt of comfortable living, this property features luxury vinyl plank flooring throughout the main living areas and cozy carpet in the bedrooms, plus a private backyard oasis with a sparkling pool, variable-speed pump, and expansive paver decking ideal for outdoor lounging. A welcoming front living/dining area flows into a separate family room that opens to an eat-in kitchen boasting abundant cabinetry, generous counter space, a center island, and a pantry. The backyard also includes a side yard with low-maintenance artificial turf perfect for kids and pets. The spacious primary suite offers an en-suite bath with dual sinks, an oversized shower, and a walk-in closet, while additional highlights include inside laundry and a 2-car garage with a convenient service door.

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 $60,780. 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 feet1,575
Property typeSingle Family
MLS #7076315
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)
$1,940/mo
Source est. payment (PITI)
$2,505/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$60,780

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

$0$60,780
Additional funds needed$0

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