Properties / 17002 W STEVENAGE Street
FHA ASSUMABLERate: 6.11%

17002 W STEVENAGE Street

$400,000
Surprise, AZ 85374
3 beds2 baths1,447 sqftSingle Family
The assumable advantage
6.11%
FHA assumed rate
$74,456 interest already paid off
Estimated Loan Balance$310,387
Cash to close$90,008
Est. Monthly PITI$2,463
Initial Loan Amount$325,600
Time on site46 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$89,613
Cash or secondary financing
Monthly savings
$379
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Beautifully maintained 3-bedroom, 2-bath home featuring luxury vinyl flooring throughout, neutral interior finishes,a desirable split-bedroom floor plan, and owned solar. The spacious great room offers an open, inviting layout, while the kitchen features Corian countertops, LG appliances, and plenty of cabinet space. Step outside to your private backyard oasis with a sparkling in-ground pool and extended paver patio-perfect for relaxing or entertaining year-round. Conveniently located near shopping, dining, parks, golf, and easy freeway access, this home offers the perfect blend of comfort, functionality, and Arizona living.

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 $89,613. 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 feet1,447
Property typeSingle Family
MLS #7059090
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,980/mo
Source est. payment (PITI)
$2,463/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$89,613

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

$0$89,613
Additional funds needed$0

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