Properties / 9720 W ODEUM Lane
FHA ASSUMABLERate: 6.6%

9720 W ODEUM Lane

$365,000
Tolleson, AZ 85353
3 beds2 baths1,402 sqftSingle Family
The assumable advantage
6.6%
FHA assumed rate
$45,508 interest already paid off
Estimated Loan Balance$392,926
Cash to close$0
Est. Monthly PITI$2,894
Initial Loan Amount$397,664
Time on site50 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$0
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

SHORT SALE APPROVED!!!Home, sweet home! This gorgeous 3 bed, 2 bath residence in Tolleson Az, is looking for its new owners! Tasteful stone accents, an easy-care landscape, a 2 car garage, and a welcoming front porch are just the beginning. Inside you will find a spacious open floor plan w/soft carpet in all the right places and neutral palette throughout! The gorgeous kitchen is equipped w/ample cabinetry, a pantry, granite counters, stainless steel appliances, and a center island w/a breakfast bar. You'll enjoy the privacy of the main bedroom with this split floor plan. Lastly, the expansive backyard w/its covered patio, is a blank canvas just waiting for your personal touch! This property comes at a great price-SHORT SALE APPROVED

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 $0. 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 feet1,402
Property typeSingle Family
MLS #6995691
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)
$2,557/mo
Source est. payment (PITI)
$2,894/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.