Properties / 980 W 20TH Street
FHA ASSUMABLERate: 6.5%

980 W 20TH Street

$355,000
Florence, AZ 85132
5 beds3 baths2,540 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$35,774 interest already paid off
Estimated Loan Balance$386,277
Cash to close$0
Est. Monthly PITI$2,967
Initial Loan Amount$391,409
Time on site36 days
Remaining Term28 years, 8 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

Built in 2023, this spacious Bisbee Ranch home offers 5 bedrooms, 3 bathrooms, and 2,540 square feet with a layout designed for flexibility. A full bedroom and bathroom downstairs are ideal for guests, multigenerational living, or a private office. The kitchen features granite countertops, a large island, pantry, and stainless steel appliances, opening to the main living area for easy entertaining. Upstairs includes a generous loft, conveniently located laundry room, three additional bedrooms, and a private primary suite with a walk in closet. Outside, enjoy a covered patio and block fenced backyard ready to make your own. A 2 car garage, north south exposure, nearby walking paths, and a community playground complete the home.

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

Bedrooms5
Bathrooms3
Square feet2,540
Property typeSingle Family
MLS #7052347
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)
$2,479/mo
Source est. payment (PITI)
$2,967/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.