Properties / 20547 N 260TH Lane
FHA ASSUMABLERate: 6.94%

20547 N 260TH Lane

$274,990
Buckeye, AZ 85396
2 beds2 baths1,450 sqftSingle Family
The assumable advantage
6.94%
FHA assumed rate
$53,191 interest already paid off
Estimated Loan Balance$313,628
Cash to close$0
Est. Monthly PITI$2,556
Initial Loan Amount$321,077
Time on site24 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$0
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

Amazing short sale opportunity!! This charming 2-bedroom, 2-bath home offers an incredible opportunity in one of the area's fastest-growing communities! Enjoy a bright, functional layout and a neighborhood designed for an active lifestyle, complete with beautiful mountain views, plenty of parks & playgrounds, a splash pad, and elementary/middle school within walking distance. Even more is coming to the area, with a new grocery store, retail center, and restaurants expected to open next year. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance home in a growing location, this one combines affordability, convenience, and exciting future amenities.

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 $0. 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
Bathrooms2
Square feet1,450
Property typeSingle Family
MLS #7068211
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)
$2,127/mo
Source est. payment (PITI)
$2,556/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.