Properties / 7134 N 127TH Drive
FHA ASSUMABLERate: 2.81%

7134 N 127TH Drive

$439,000
Glendale, AZ 85307
5 beds3 baths2,034 sqftSingle Family
The assumable advantage
2.81%
FHA assumed rate
$44,369 interest already paid off
Estimated Loan Balance$273,363
Cash to close$166,273
Est. Monthly PITI$1,774
Initial Loan Amount$309,981
Time on site35 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$165,637
Cash or secondary financing
Monthly savings
$1,308
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

The home offers a flexible layout with a thoughtfully designed suite addition. The room previously considered the fifth bedroom now functions as the front room of the suite and is no longer technically classified as a bedroom. The adjoining addition includes a closet with space for a stackable washer and dryer, along with a designated area for a kitchenette. With the addition of the kitchenette, this space can function as a separate living area within the home, offering added flexibility for extended family, guests, a private retreat, or multigenerational living. The garage has an electric car charger. A big plus is security camera system with full monitoring front and back of home with a ring camera. Energy efficiency is front and center with dual-pane low-E windows, ENERGY STAR-rated HVAC and appliances, a programmable thermostat, and a solar lease that wipes out the electric bill entirely. Outside, enjoy low-maintenance living with a desert front, synthetic grass backyard, and a covered patio -- all backing to common area for added privacy. The 2-car garage plus slab parking rounds out the package. Luke Landing community offers walking/biking paths, and the HOA is FHA/VA approved with pets and rentals permitted. Minutes from Luke AFB, shopping, and dining with easy freeway access. Don't miss the assumable FHA loan -- a game-changer in today's rate market!

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 $165,637. 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 feet2,034
Property typeSingle Family
MLS #7063469
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)
$1,281/mo
Source est. payment (PITI)
$1,774/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$165,637

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

$0$165,637
Additional funds needed$0

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