Properties / 404 S 202ND Lane
FHA ASSUMABLERate: 2.81%

404 S 202ND Lane

$380,000
Buckeye, AZ 85326
4 beds3 baths1,968 sqftSingle Family
The assumable advantage
2.81%
FHA assumed rate
$38,870 interest already paid off
Estimated Loan Balance$240,036
Cash to close$141,633
Est. Monthly PITI$1,639
Initial Loan Amount$271,561
Time on site50 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$139,964
Cash or secondary financing
Monthly savings
$1,113
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Welcome to 404 S 202nd Ln, a single-level home in Buckeye's Blue Horizons community. Built in 2020, this 4 bedroom, 3 bathroom home offers 1,968 sq ft with a functional open layout, tile roof, 2-car garage, and a great setup for everyday living. The kitchen features a gas range, pantry, built-in microwave, dishwasher, refrigerator, and opens nicely to the main living and dining area. The primary suite includes a full bathroom with double vanity, while the additional bedrooms provide flexibility for guests, family, or workspace. Washer and dryer are included, and the backyard offers a blank slate ready for your personal touch. The Blue Horizons community features biking and walking paths, along with a children's playground. Conveniently located near Blue Horizons Elementary with easy access to shopping, dining, and major routes throughout Buckeye.

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 $139,964. 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
Bathrooms3
Square feet1,968
Property typeSingle Family
MLS #7040794
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)
$1,128/mo
Source est. payment (PITI)
$1,639/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$139,964

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

$0$139,964
Additional funds needed$0

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