Properties / 2389 N RILEY Road
FHA ASSUMABLERate: 6.18%

2389 N RILEY Road

$580,000
Buckeye, AZ 85396
5 beds4 baths3,201 sqftSingle Family
The assumable advantage
6.18%
FHA assumed rate
$18,173 interest already paid off
Estimated Loan Balance$503,613
Cash to close$76,883
Est. Monthly PITI$3,799
Initial Loan Amount$505,573
Time on site30 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$76,387
Cash or secondary financing
Monthly savings
$324
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Relocating out of state. Experience elevated Verrado living in this exceptional park-front residence overlooking Tempo Park, ideally located near Heritage Swim Park, highly rated Verrado Heritage Elementary, and the new Verrado Marketplace. This beautifully upgraded 3,200 sq. ft. 5-bedroom, 3.5-bath turn-key home delivers exceptional space, privacy, and convenience. The refreshed interior features new finishes, modern carpet, updated lighting and fixtures, and a brand-new 2026 appliance package valued at approximately $7,000. The kitchen showcases granite countertops, farmhouse sink, gas 5-burner range, walk-in pantry, breakfast bar, and stainless steel appliances. A thoughtfully designed floor plan includes a first-floor primary suite, four oversized upstairs bedrooms, oversized laundry room, spacious loft with luxury vinyl plank flooring, and Jack-and-Jill bath. Step outside and enjoy a private backyard with low-maintenance pavers and turf, plus a 3-car garage with custom storage and an oversized driveway accommodating three additional vehicles. Verrado, nestled against the White Tank Mountains, offers resort-style living with two championship golf courses, two community pools, and the vibrant Main Street District. The community is known for its trails, events, and a strong neighborhood feel. The new Verrado Marketplace, brings dining, shopping, and entertainment options right to the heart of the neighborhood. With top-rated schools and easy access to amenities, Verrado combines small-town charm with modern convenience, making it one of the most sought-after communities in the West Valley!

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 $76,387. 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
Bathrooms4
Square feet3,201
Property typeSingle Family
MLS #7064592
CountyMaricopa County
Assumable loanFHA
Tour this home
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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
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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)
$3,096/mo
Source est. payment (PITI)
$3,799/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$76,387

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

$0$76,387
Additional funds needed$0

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