Properties / 11107 W IOWA Avenue
FHA ASSUMABLERate: 6.64%

11107 W IOWA Avenue

$329,000
Youngtown, AZ 85363
2 beds1 baths808 sqftSingle Family
The assumable advantage
6.64%
FHA assumed rate
$49,206 interest already paid off
Estimated Loan Balance$293,693
Cash to close$36,832
Est. Monthly PITI$2,258
Initial Loan Amount$300,457
Time on site50 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$35,307
Cash or secondary financing
Monthly savings
$1
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

****This home sits on an expansive lot, offering endless potential to create your dream property. The attached images showcase design concepts created by a professional designer to help bring that vision to life.**** No HOA **** Just REMODELED brand new windows & sliding glass door, fresh interior paint, wood-style plank flooring, new baseboards & trim, new door hardware, new plumbing & lighting fixtures,. Pristine kitchen with trendy white cabinets, quartz counters, gorgeous back-splash, recessed lighting & new stainless appliances w/gas range. Bathroom updates include all new cabinets, This home is a must-see!

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 $35,307. 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

Bedrooms2
Bathrooms1
Square feet808
Property typeSingle Family
MLS #7013072
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,939/mo
Source est. payment (PITI)
$2,258/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$35,307

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

$0$35,307
Additional funds needed$0

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