Properties / 31020 W LYNWOOD Street
FHA ASSUMABLERate: 5.55%

31020 W LYNWOOD Street

$349,970
Buckeye, AZ 85396
3 beds2 baths1,120 sqftSingle Family
The assumable advantage
5.55%
FHA assumed rate
$60,273 interest already paid off
Estimated Loan Balance$269,486
Cash to close$80,484
Est. Monthly PITI$2,090
Initial Loan Amount$284,900
Time on site22 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$80,484
Cash or secondary financing
Monthly savings
$435
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Enjoy wide-open Arizona living on a full acre backing directly to State Land--with no neighbors behind and the freedom to horseback ride or head out on your off-road toys right from home! This affordable 3-bedroom, 2-bath property offers a PebbleTec pool with waterfall, fully fenced yard, public water, high-speed fiber internet, paved road access, solar for energy savings, and plenty of room to add an RV garage, guest house, workshop, or horse setup. Located in a fast-growing, business-friendly area, it's an excellent fit for homeowners and entrepreneurs alike. Inside, the open, split-bedroom floor plan features vaulted ceilings, neutral paint, abundant natural light, and LVP flooring in both bathrooms. Replace the existing carpet with LVP for an easy update that could completely transfor the home's look. The kitchen offers generous cabinet and counter space, included refrigerator, and views of the pool and State Land from the kitchen sink. A walk-in pantry/laundry room provides additional storage, and the washer and dryer are included. The primary suite features a walk-in closet, large vanity, and oversized tub/shower. Outside, enjoy a covered patio, low-maintenance desert landscaping, circular driveway, fenced PebbleTec pool with waterfall, chicken coop with water, storage shed, sunscreens, and endless desert views. The A/C is approximately 2 years old and pool pump approximately 1 year old. A 1-car garage/storage area adds even more functionality, and a shipping container is available separately. Bring your RVs, horses, toys, business equipment, and ideas--there's room to make this property your own!

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 $80,484. 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
Bathrooms2
Square feet1,120
Property typeSingle Family
MLS #7068645
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)
$1,629/mo
Source est. payment (PITI)
$2,090/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$80,484

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

$0$80,484
Additional funds needed$0

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