Properties / 11469 W ILLINOIS Avenue
FHA ASSUMABLERate: 3.1%

11469 W ILLINOIS Avenue

$304,000
Youngtown, AZ 85363
2 beds2 baths1,140 sqftSingle Family
The assumable advantage
3.1%
FHA assumed rate
$37,997 interest already paid off
Estimated Loan Balance$254,492
Cash to close$50,050
Est. Monthly PITI$1,616
Initial Loan Amount$280,819
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$49,508
Cash or secondary financing
Monthly savings
$589
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

R.V Parking Quiet mid-century single-family home built {1961} sits on a large, lot in an, older neighborhood of Youngtown, one of the first age -restricted retirement communities in the U.S The area today is Mixed age, and centrally located near Sun City, Surprise, and major arterials like Grand Ave {US-60} also shopping and entertainment centers are near like West Gate, Cardinals stadium, park west without the being in the middle of congestion.

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 $49,508. 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

Bedrooms2
Bathrooms2
Square feet1,140
Property typeSingle Family
MLS #7056290
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)
$1,204/mo
Source est. payment (PITI)
$1,616/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$49,508

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

$0$49,508
Additional funds needed$0

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