Properties / 9932 N 181ST Avenue
FHA ASSUMABLERate: 3.23%

9932 N 181ST Avenue

$499,000
Waddell, AZ 85355
6 beds4 baths3,487 sqftSingle Family
The assumable advantage
3.23%
FHA assumed rate
$52,341 interest already paid off
Estimated Loan Balance$246,870
Cash to close$254,918
Est. Monthly PITI$1,740
Initial Loan Amount$280,830
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$252,130
Cash or secondary financing
Monthly savings
$1,707
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Multi-Generational Home at the Lowest Price Per Square Foot in the desirable Cortessa community of Waddell! A Spacious 6-bedroom, 4-bathroom home, offering 3,487 sqft and a flexible two-story layout ideal for modern living. Located near a community park and neighborhood school, this move-in-ready home combines comfort, space, and convenience in a growing West Valley location. On the main level, the Owner's Suite and another Bedroom and Full Bath are perfect for guests or a home office. On the 2nd level are 4 additional bedrooms, 2 more bathrooms, and a large Flex room for a media room, play space, or secondary living area. Interior finishes include a mix of wood, tile, and carpet flooring throughout. The spacious backyard offers a relaxing water feature and storage shed, with plenty of room to personalize and make it your own. Cortessa is known for its scenic desert setting with nearby views of the White Tank Mountains and easy access to outdoor recreation at White Tank Mountain Regional Park. Conveniently located near shopping, dining, and entertainment at Prasada. A great opportunity to own a well-sized home with room to grow in a desirable Northwest Valley community.

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 $252,130. 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

Bedrooms6
Bathrooms4
Square feet3,487
Property typeSingle Family
MLS #7018860
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)
$1,236/mo
Source est. payment (PITI)
$1,740/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$252,130

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

$0$252,130
Additional funds needed$0

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