Properties / 12614 W ALEGRE Drive
FHA ASSUMABLERate: 7.2%

12614 W ALEGRE Drive

$470,000
Litchfield Park, AZ 85340
4 beds2 baths2,284 sqftSingle Family
The assumable advantage
7.2%
FHA assumed rate
$93,825 interest already paid off
Estimated Loan Balance$453,917
Cash to close$16,525
Est. Monthly PITI$3,715
Initial Loan Amount$466,396
Time on site41 days
Remaining Term27 years, 3 months
Seller's equity (what you pay)
$16,083
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 home to this beautiful single-level residence offering an open-concept design with soaring vaulted ceilings & a desirable split floor plan. Featuring 4 spacious bedrooms, 2 bathrooms, & a versatile den perfect for a home office, playroom, or flex space, this home is designed for comfortable everyday living. The inviting great room flows seamlessly into the kitchen, complete with granite countertops, staggered cabinetry, stainless steel appliances, a center island with breakfast bar, & an adjacent dining area. The private primary suite features dual sinks, a separate tub and shower, & a generous walk-in closet. Step outside to enjoy the covered patio, lush grassy yard, raised paver seating area with a gas fire pit, side yard access, & a 2-car garage with built-in storage cabinets.

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 $16,083. 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

Bedrooms4
Bathrooms2
Square feet2,284
Property typeSingle Family
MLS #7061420
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)
$3,172/mo
Source est. payment (PITI)
$3,715/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$16,083

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

$0$16,083
Additional funds needed$0

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