Properties / 21359 W ALVARADO Road
FHA ASSUMABLERate: 6.26%

21359 W ALVARADO Road

$378,000
Buckeye, AZ 85396
4 beds2 baths1,596 sqftSingle Family
The assumable advantage
6.26%
FHA assumed rate
$77,773 interest already paid off
Estimated Loan Balance$356,849
Cash to close$22,005
Est. Monthly PITI$2,779
Initial Loan Amount$371,153
Time on site50 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$21,151
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

ASSUMABLE MORTGAGE OPPORTUNITY! Freshly painted and move-in ready, this 4-bedroom, 2-bath home offers beautiful White Tank Mountain views. The open kitchen features granite countertops, stainless steel appliances, a gas range and a spacious island overlooking the living and dining areas. Enjoy wood-look tile, ceiling fans and blinds throughout. The primary suite includes a walk-in closet and private ensuite. Outside, you'll find a covered patio and low-maintenance backyard with artificial turf. Ideally located across from one of the community's largest parks with basketball courts, soccer fields and playgrounds, and just minutes from the neighborhood school. Available for SALE or RENT.

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 $21,151. 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

Bedrooms4
Bathrooms2
Square feet1,596
Property typeSingle Family
MLS #7049355
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)
$2,296/mo
Source est. payment (PITI)
$2,779/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$21,151

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

$0$21,151
Additional funds needed$0

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