Properties / 26421 S 231st Way
FHA ASSUMABLERate: 6.67%

26421 S 231st Way

$579,000
Queen Creek, AZ 85142
4 beds4 baths2,688 sqftSingle Family
The assumable advantage
6.67%
FHA assumed rate
$55,183 interest already paid off
Estimated Loan Balance$548,752
Cash to close$31,301
Est. Monthly PITI$4,198
Initial Loan Amount$555,809
Time on site50 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$30,248
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

MAJOR PRICE IMPROVEMENT! Don't miss the assumable FHA loan at an advantageous rate! Welcome to this nearly-new home at Empire Pointe with almost $66k in included builder options, perfectly positioned directly across from a large neighborhood green belt for open space out front instead of a neighbor's rooftop. Inside, almost 2,700 square feet is thoughtfully laid out with 4 bedrooms, 3.5 bathrooms, and a den that could be a home office, playroom, or bonus space. The spacious great room flows seamlessly into a beautifully finished kitchen anchored by a large island, and a dual-slider opens the space to a nicely-landscaped back yard for effortless indoor/outdoor living. Built only about two years ago, this home was done right where it counts, featuring a tankless water heater, a whole-home... ...water filtration and softening system, and a third car tandem garage for the storage and flex space many homes don't offer. The community delivers just as much, with a fitness center, sparkling pool and jacuzzi, pickleball and basketball courts, shaded play structures, play lawns, and two dog parks. Newer construction, smart upgrades, and a premium green belt location all come together here. Please note that buyers must qualify as necessary to assume existing FHA loan.

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 $30,248. 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
Bathrooms4
Square feet2,688
Property typeSingle Family
MLS #7047176
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)
$3,586/mo
Source est. payment (PITI)
$4,198/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$30,248

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

$0$30,248
Additional funds needed$0

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