Properties / 17953 N LETTERE Circle
FHA ASSUMABLERate: 6.86%

17953 N LETTERE Circle

$294,000
Maricopa, AZ 85138
3 beds2 baths1,371 sqftSingle Family
The assumable advantage
6.86%
FHA assumed rate
$22,258 interest already paid off
Estimated Loan Balance$276,507
Cash to close$17,241
Est. Monthly PITI$2,240
Initial Loan Amount$279,678
Time on site0 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$17,493
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

Welcome home to 17953 N Lettere Circle in the desirable Sorrento community of Maricopa! This inviting 3-bedroom, 2-bath home offers approximately 1,371 sq ft of comfortable living space with a functional floor plan designed for everyday living. Enjoy an open living area, spacious kitchen, primary suite, additional bedrooms with flexible use, and a 2-car garage. Conveniently located near community amenities, parks, schools, shopping, dining and everything Maricopa has to offer. Property is being offered as a short sale. Sale, purchase price and terms are subject to seller acceptance and lender/lienholder approval. Information deemed reliable but not guaranteed. Buyer and Buyer's Agent to independently verify all facts and figures,

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 $17,493. 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 feet1,371
Property typeSingle Family
MLS #7079828
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)
$1,834/mo
Source est. payment (PITI)
$2,240/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$17,493

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

$0$17,493
Additional funds needed$0

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