Properties / 1825 W Ray Rd Road
FHA ASSUMABLERate: 6.43%

1825 W Ray Rd Road

$338,000
Chandler, AZ 85224
2 beds2 baths897 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$65,281 interest already paid off
Estimated Loan Balance$316,805
Cash to close$23,694
Est. Monthly PITI$2,411
Initial Loan Amount$326,515
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$21,195
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

harming 2-bedroom condo in Lakeshore at Andersen Springs is now on the market! This lovely unit features a great room with wood-look flooring, abundant natural light, neutral paint, and sliding doors to the covered patio, where you can enjoy your morning coffee and peaceful evenings. A nicely sized kitchen awaits your culinary adventures, showcasing shaker cabinetry, a granite peninsula, and built-in appliances. The primary bedroom has a bathroom and a walk-in closet. This gated community's amenities include a pool, tennis court, spa, pickleball, a lake, and more! Don't miss it! Also Available For Rent

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 $21,195. 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 feet897
Property typeSingle Family
MLS #6991260
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)
$2,067/mo
Source est. payment (PITI)
$2,411/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$21,195

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

$0$21,195
Additional funds needed$0

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