Properties / 18624 W MOUNTAIN VIEW Road
FHA ASSUMABLERate: 6.85%

18624 W MOUNTAIN VIEW Road

$450,000
Waddell, AZ 85355
3 beds3 baths2,305 sqftSingle Family
The assumable advantage
6.85%
FHA assumed rate
$1,562 interest already paid off
Estimated Loan Balance$15,973
Cash to close$434,027
Est. Monthly PITI$386
Initial Loan Amount$16,224
Time on site14 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$434,027
Cash or secondary financing
Monthly savings
$2,545
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

Sparkling Pool, Solar Panels & Tandem 3 Car Garage! This spacious home offers a flexible layout with a large formal living & dining area just off the entry, highlighted by oversized windows that fill the space with natural light. Dual arched openings lead to the expansive family room with backyard access, seamlessly connecting to the kitchen for easy everyday living & entertaining. The kitchen features dark cabinetry, quartz countertops, stainless steel appliances, a large center island with breakfast bar seating & a generous eat-in dining area. The primary suite is generously sized & includes an ensuite with dual vanities, a soaking tub, glass walk-in shower & walk-in closet. Two additional bedrooms share a full bath with a walk-in shower. A separate den with a closet near the front entry provides flexibility for a home office, hobby room, or potential 4th bedroom. Step outside to enjoy a backyard designed for Arizona living with a sparkling pool, synthetic grass & covered patio. Additional highlights include a tandem 3-car garage & owned outright solar panels. Located in a community with parks, playgrounds & sport courts, just minutes from Mountain View School, Loop 303 access, shopping, dining, recreation, and Luke Air Force Base.

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 $434,027. 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

Bedrooms3
Bathrooms3
Square feet2,305
Property typeSingle Family
MLS #7072738
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)
$109/mo
Source est. payment (PITI)
$386/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$434,027

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

$0$434,027
Additional funds needed$0

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