Properties / 800 W LOWELL Drive
FHA ASSUMABLERate: 6.87%

800 W LOWELL Drive

$380,000
San Tan Valley, AZ 85140
3 beds2 baths1,397 sqftSingle Family
The assumable advantage
6.87%
FHA assumed rate
$37,885 interest already paid off
Estimated Loan Balance$346,427
Cash to close$34,218
Est. Monthly PITI$2,727
Initial Loan Amount$351,037
Time on site50 days
Remaining Term28 years, 6 months
Seller's equity (what you pay)
$33,573
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

ASSUMABLE 5.9% RATE available! Welcome to this beautifully maintained 3-bedroom home in the highly sought-after Parks community! Built in 2018, this home offers the peace of mind of a newer roof, HVAC system, and major components, allowing you to move in with confidence. Inside, you'll find a bright, open-concept floor plan designed for comfortable everyday living and effortless entertaining. The epoxy-coated garage floor adds both style and durability, while the installed security system provides added convenience and peace of mind. Enjoy an unbeatable location just minutes from the Queen Creek Olive Mill, Schnepf Farms, Queen Creek Marketplace, and a variety of shopping, dining, and entertainment options. The Parks community features scenic walking trails, neighborhood parks, playgrounds, and charming ramadas, all surrounded by breathtaking views of the Superstition Mountains. Whether you're enjoying an evening stroll, spending time with family outdoors, or exploring everything Queen Creek and San Tan Valley have to offer, this home delivers the perfect combination of modern comfort, convenience, 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 $33,573. 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 feet1,397
Property typeSingle Family
MLS #7050524
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)
$2,311/mo
Source est. payment (PITI)
$2,727/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$33,573

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

$0$33,573
Additional funds needed$0

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