Properties / 729 S 2ND Street
FHA ASSUMABLERate: 4.63%

729 S 2ND Street

$320,000
Avondale, AZ 85323
3 beds2 baths1,176 sqftSingle Family
The assumable advantage
4.63%
FHA assumed rate
$55,786 interest already paid off
Estimated Loan Balance$142,480
Cash to close$178,420
Est. Monthly PITI$1,156
Initial Loan Amount$164,957
Time on site50 days
Remaining Term22 years, 3 months
Seller's equity (what you pay)
$177,520
Cash or secondary financing
Monthly savings
$1,031
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Move-in ready 3-bedroom home, with an RV gate, and NO HOA! Conveniently located between Dysart and Litchfield Road. Enjoy a remodeled kitchen, freshly painted exterior, and tile flooring throughout the entire home. NEW ROOF installed 6 months ago & NEW HVAC less than 5 years ago!! The large lot offers rear-entry access, making it perfect for RV parking, trailers, toys, or additional vehicles. With plenty of space inside and out, this home is a must-see and ready for its new owners to move right 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 $177,520. 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 feet1,176
Property typeSingle Family
MLS #7038039
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)
$856/mo
Source est. payment (PITI)
$1,156/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$177,520

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

$0$177,520
Additional funds needed$0

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