Properties / 14121 W SURREY Drive
FHA ASSUMABLERate: 3.24%

14121 W SURREY Drive

$450,000
Surprise, AZ 85379
4 beds3 baths2,027 sqftSingle Family
The assumable advantage
3.24%
FHA assumed rate
$58,242 interest already paid off
Estimated Loan Balance$270,793
Cash to close$179,207
Est. Monthly PITI$1,913
Initial Loan Amount$311,495
Time on site9 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$179,207
Cash or secondary financing
Monthly savings
$1,297
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to this energy-efficient Meritage Homes single-story Jubilee model in the popular Marley Park community where residents enjoy access to the Heritage Club, multiple resort-style community pools, splash pads, tree-lined walking paths & themed parks. Built with Meritage's signature open-cell spray foam insulation throughout the attic & exterior walls, this home pairs advanced insulation with a 10.95 kW DC 30-panel Sunny Energy solar system installed in 2022 on a transferrable purchase agreement at $207/month to provide exceptional ongoing utility savings. Offering 2,027 sq ft of living space on a 5,537 sq ft lot, the floor plan features 4 bedrooms, 3 full baths & an expansive Great Room design with laminated wood flooring. The primary suite serves as a restful retreat with dual sinks in the vanity, walk-in shower, private toilet room & a spacious walk-in closet. Flexible living spaces include a dedicated teen/bonus room situated between bedrooms 2 & 3, plus a 4th bedroom designed as an independent guest suite featuring a full bath & a dedicated mini-split AC unit. The 2-car garage is fully finished with epoxy flooring, built-in cabinetry & its' own mini-split AC unit. Marley Park residents enjoy premier amenities including the Heritage Club, resort-style pools, splash pads, tree-lined walking paths and themed community parks. Conveniently located near shopping, dining, and Luke Air Force Base. Conventional, FHA & VA financing welcomed, and seller will entertain a 1031 exchange.

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 $179,207. 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 feet2,027
Property typeSingle Family
MLS #7074530
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)
$1,357/mo
Source est. payment (PITI)
$1,913/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$179,207

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

$0$179,207
Additional funds needed$0

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