Properties / 2709 S 159th Lane
FHA ASSUMABLERate: 4.59%

2709 S 159th Lane

$439,000
Goodyear, AZ 85338
4 beds2 baths2,313 sqftSingle Family
The assumable advantage
4.59%
FHA assumed rate
$76,911 interest already paid off
Estimated Loan Balance$188,622
Cash to close$251,199
Est. Monthly PITI$1,609
Initial Loan Amount$220,924
Time on site50 days
Remaining Term21 years, 11 months
Seller's equity (what you pay)
$250,378
Cash or secondary financing
Monthly savings
$1,450
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Nicely laid out 4 bedroom 2 bath 2 car garage. Newly installed tiles everywhere in the house. Astonishing vaulted ceiling in the formal living, formal dining room as well as in the kitchen and family room. Good size sf from the formal living room up to the family room. Has a breakfast room plus a kitchen island and kitchen pantry. Nice sized 3 bedrooms all with ceiling fans. Big master bedroom with vaulted ceiling and a door leading to the covered patio. Master bathroom has seperate shower and tub and double sink with vaulted ceiling. Large master br walkin closet with shelvings all around and vaulted too. No neighbor in the back with a small wash behind the block fence. Close to Legacy school and city hall. Golf course and park close by. Must see to appreciate the openness of the layout.

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 $250,378. 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 feet2,313
Property typeSingle Family
MLS #7047450
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)
$1,139/mo
Source est. payment (PITI)
$1,609/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$250,378

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

$0$250,378
Additional funds needed$0

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