Properties / 1844 S Poetry Lane
FHA ASSUMABLERate: 6.95%

1844 S Poetry Lane

$339,000
Tucson, AZ 85711
3 beds3 baths1,624 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$30,862 interest already paid off
Estimated Loan Balance$264,903
Cash to close$74,586
Est. Monthly PITI$2,235
Initial Loan Amount$268,620
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$74,097
Cash or secondary financing
Monthly savings
$216
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome home to your assumable better than new construction ideally located in central Tucson. Your elegant and modern 1624 square foot 2-story home with 3 bedrooms, 2 ½ bathrooms and 2-car garage features a solar system to keep your utility bills low throughout the year. Your home features include installed ceiling fans, light fixtures, and a landscaped, easy-care backyard. The heart of the home is the chef's kitchen with cooktop, hood, and wall-mounted microwave/oven combination. The kitchen boasts upgraded coastal shaker Maple cabinets in dusk with granite countertops, and a large, walk-in pantry. Thoughtful touches include soaring 9-foot ceilings, 8-foot doors, a gas connection in the kitchen, laundry, backyard, and tank water heater. Your energy efficient home is built by Pepper Viner Homes - the 7 time SAHBA Builder of the Year recipient. Located within close proximity to shopping, dining, and many major employers, including Davis-Monthan AFB, TMC, and the University of Arizona. Come tour your gorgeous new home today!

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 $74,097. 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
Bathrooms3
Square feet1,624
Property typeSingle Family
MLS #7055544
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,783/mo
Source est. payment (PITI)
$2,235/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$74,097

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

$0$74,097
Additional funds needed$0

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