Properties / 11217 N 157TH Avenue
FHA ASSUMABLERate: 3.11%

11217 N 157TH Avenue

$439,900
Surprise, AZ 85379
4 beds2 baths1,835 sqftSingle Family
The assumable advantage
3.11%
FHA assumed rate
$42,151 interest already paid off
Estimated Loan Balance$276,088
Cash to close$164,402
Est. Monthly PITI$1,820
Initial Loan Amount$305,250
Time on site19 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$163,812
Cash or secondary financing
Monthly savings
$1,283
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Your search is finally over! This lovely 4-bedroom well maintained home welcomes you with light and bright spacious living room with soaring vaulted ceilings. The spotless eat-in kitchen comes with quartz counters, ample cabinetry, a tile backsplash, SS appliances and a kitchen island. The primary bedroom showcases high ceilings, an ensuite with dual sinks, and walk-in closet. Spend peaceful afternoons in the backyard, featuring a covered patio, lush green grass and mature trees. Two of the secondary bedrooms feature walk-in closets. Freshly painted inside and out with a neutral color palette that compliments any decor. Brand new carpet in the bedrooms for a fresh, move-in-ready feel. A/C unit recently replaced. Mini-split in main garage. Schedule a showing 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 $163,812. 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 feet1,835
Property typeSingle Family
MLS #7070405
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)
$1,311/mo
Source est. payment (PITI)
$1,820/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$163,812

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

$0$163,812
Additional funds needed$0

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