Properties / 10833 W CHIPMAN Road
FHA ASSUMABLERate: 7.02%

10833 W CHIPMAN Road

$439,000
Tolleson, AZ 85353
4 beds2 baths2,146 sqftSingle Family
The assumable advantage
7.02%
FHA assumed rate
$69,785 interest already paid off
Estimated Loan Balance$423,987
Cash to close$17,814
Est. Monthly PITI$3,415
Initial Loan Amount$431,038
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$15,013
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Like-new 4-bedroom plus den, 2-bath single-level home built in 2024 in the Verde Trails community of Tolleson. This home features an open-concept design ideal for entertaining, with separate living and dining areas flowing together in one spacious great room.The kitchen offers quartz countertops, stainless steel appliances, a large walk-in pantry, and a large breakfast bar. The private primary suite includes an en-suite bath and walk-in closet, while the den provides flexible use as an office or bonus space.Step outside to a covered patio and a blank-canvas backyard, ready for your personal design. Conveniently located near Loop 202 and I-10, shopping, schools, and parks. Move-in ready and lightly lived in.

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 $15,013. 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 feet2,146
Property typeSingle Family
MLS #6960860
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)
$2,895/mo
Source est. payment (PITI)
$3,415/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$15,013

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

$0$15,013
Additional funds needed$0

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