Properties / 11204 W MOBILE Lane
FHA ASSUMABLERate: 7.03%

11204 W MOBILE Lane

$428,000
Tolleson, AZ 85353
4 beds2 baths1,913 sqftSingle Family
The assumable advantage
7.03%
FHA assumed rate
$2,037 interest already paid off
Estimated Loan Balance$11,060
Cash to close$416,953
Est. Monthly PITI$429
Initial Loan Amount$11,391
Time on site28 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$416,940
Cash or secondary financing
Monthly savings
$2,446
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Stunning 2022 Single-Level Home on an end Lot! This move-in ready, 4-bedroom, 2-bathroom home features a separate den--perfect for a home office--and a spacious 1,913 sq. ft. layout. Recently upgraded with brand-new flooring, the open interior is flooded with natural light. The modern kitchen shines with granite countertops, a large island with a breakfast bar, and stainless steel appliances (stove has an optional gas line hookup!). Energy-efficient perks include a tankless water heater and dual-pane windows. Enjoy a private backyard with a covered patio. Located in the popular Verde Trails community with easy freeway access.

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 $416,940. 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 feet1,913
Property typeSingle Family
MLS #7066809
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)
$78/mo
Source est. payment (PITI)
$429/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$416,940

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

$0$416,940
Additional funds needed$0

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