Properties / 9505 W ILLINI Street
FHA ASSUMABLERate: 5.52%

9505 W ILLINI Street

$436,999
Tolleson, AZ 85353
4 beds3 baths1,913 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$91,624 interest already paid off
Estimated Loan Balance$397,745
Cash to close$42,596
Est. Monthly PITI$3,040
Initial Loan Amount$418,273
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$39,254
Cash or secondary financing
Monthly savings
$173
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Beautiful 2022 upgraded home on a premium corner lot in a highly desirable West Valley location! This move-in ready home features 9' ceilings, stylish 17x17 tile flooring, and a modern kitchen with granite countertops and stainless steel appliances. Enjoy energy-efficient upgrades including a WiFi programmable thermostat. The spacious primary suite offers a walk-in closet, while two secondary bedrooms are connected by a convenient Jack & Jill bathroom perfect for families! Step outside to a fully landscaped backyard with a covered patio, ideal for relaxing or entertaining. Located in a well-maintained community with greenbelts, a park, and playground. Just minutes from the 202 freeway, shopping, dining, schools.

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 $39,254. 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
Bathrooms3
Square feet1,913
Property typeSingle Family
MLS #7005563
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)
$2,404/mo
Source est. payment (PITI)
$3,040/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$39,254

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

$0$39,254
Additional funds needed$0

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