With rates today sitting in the high 6s, this home comes with a rare opportunity, an assumable loan at 4.99%. On a $445K home, that's about $500 a month in savings compared to today's rates. Over $6,000 a year and $180,000 across the life of the loan, that's life changing money staying in your pocket. This beautiful open floor plan home in the gated Mcclellan Ranch neighborhood offers 3 bedrooms, 2 bathrooms, and a 2 car garage. Built in 2022 by Meritage Homes. North south facing. Located in the heart of Laveen, close to the Loop 202, shopping, PHX Sky Harbor Airport, schools, and everything Phoenix has for entertainment. Opportunities like this don't come around often. Reach out today to learn more about assuming this rate. Tour today!
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.
You need to cover the seller's equity of $66,663. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.