Properties / 2511 W QUEEN CREEK Road
FHA ASSUMABLERate: 6.56%

2511 W QUEEN CREEK Road

$375,000
Chandler, AZ 85248
1 beds2 baths861 sqftSingle Family
The assumable advantage
6.56%
FHA assumed rate
$15,682 interest already paid off
Estimated Loan Balance$285,936
Cash to close$89,333
Est. Monthly PITI$2,230
Initial Loan Amount$288,035
Time on site8 days
Remaining Term29 years, 2 months
Seller's equity (what you pay)
$89,064
Cash or secondary financing
Monthly savings
$376
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to resort-style living in the heart of Downtown Ocotillo! This beautifully appointed home features a spacious kitchen with elegant quartz countertops, a large island, and stylish backsplash--perfect for entertaining or enjoying everyday living. The oversized primary suite offers a private office space and a generous walk-in closet. The luxurious primary bathroom features a relaxing garden tub, creating your own peaceful retreat. Step outside onto the oversized balcony, the perfect spot to enjoy your morning coffee while taking in the serene lake views or unwind in the evening while watching Arizona's stunning sunsets. Enjoy an incredible collection of resort-style amenities, including a sparkling heated pool, spa, boutique fitness center, fire pits, steam room, BBQ areas, and more! The community also features a Butterfly MX security system and gated private parking for added convenience and peace of mind. Ideally located within walking distance to restaurants, cafés, entertainment, pickleball, the farmers market, and more. Conveniently close to Intel and the Price Corridor, making this an exceptional location for both lifestyle and work.

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 $89,064. 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

Bedrooms1
Bathrooms2
Square feet861
Property typeSingle Family
MLS #7074081
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)
$1,835/mo
Source est. payment (PITI)
$2,230/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$89,064

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

$0$89,064
Additional funds needed$0

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