Properties / 11865 N ALLEGRO Road
FHA ASSUMABLERate: 2.74%

11865 N ALLEGRO Road

$454,000
Maricopa, AZ 85139
3 beds2 baths1,440 sqftSingle Family
The assumable advantage
2.74%
FHA assumed rate
$41,672 interest already paid off
Estimated Loan Balance$259,417
Cash to close$195,802
Est. Monthly PITI$1,657
Initial Loan Amount$294,566
Time on site50 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$194,583
Cash or secondary financing
Monthly savings
$1,467
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Enjoy wide-open Arizona living on nearly 5 level acres in Hidden Valley! This move-in-ready, site-built home offers nearly 1,500 sq ft with 3 bedrooms, 2 full baths and a desirable split floor plan. Features include porcelain tile throughout, neutral two-tone paint, a spacious great room and an open kitchen with oak cabinetry and all appliances. The primary suite includes a walk-in closet, walk-in shower and Jacuzzi tub. Outside, the fully fenced property offers room for horses, RVs and toys, plus a full covered patio, storage shed, 45x36 concrete slab, shared well, gravel driveways and no HOA. Conveniently located just off paved roads with beautiful mountain views and easy access to Maricopa and Casa Grande. Free internet included!

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 $194,583. 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
Bathrooms2
Square feet1,440
Property typeSingle Family
MLS #7053661
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)
$1,210/mo
Source est. payment (PITI)
$1,657/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$194,583

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

$0$194,583
Additional funds needed$0

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