Properties / 1608 W STRAFORD Drive
FHA ASSUMABLERate: 6.66%

1608 W STRAFORD Drive

$499,990
Chandler, AZ 85224
3 beds2 baths1,544 sqftSingle Family
The assumable advantage
6.66%
FHA assumed rate
$110,070 interest already paid off
Estimated Loan Balance$420,904
Cash to close$78,594
Est. Monthly PITI$3,432
Initial Loan Amount$440,577
Time on site0 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$79,086
Cash or secondary financing
Monthly savings
$118
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

NO HOA, private diving pool, extra living space, and a convenient North Chandler location--this home offers the space and flexibility today's buyers are looking for! This well-maintained home offers approximately 1,544 sq. ft. plus a fully finished under-roof rear addition, providing valuable extra space for a home office, game room, fitness area, entertainment room, or additional living area. The bonus space features its own mini-split system for added comfort and flexibility. Inside, the kitchen features granite countertops, while dual-pane windows add to the home's comfort and efficiency. Major improvements include a NEW ROOF and NEW WATER HEATER, giving buyers added peace of mind. The backyard is ready for Arizona living with a DIVE swimming pool,

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 $79,086. 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 feet1,544
Property typeSingle Family
MLS #7079753
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)
$2,831/mo
Source est. payment (PITI)
$3,432/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$79,086

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

$0$79,086
Additional funds needed$0

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