Properties / 14852 N 24TH Drive
FHA ASSUMABLERate: 6.42%

14852 N 24TH Drive

$324,990
Phoenix, AZ 85023
4 beds3 baths1,575 sqftSingle Family
The assumable advantage
6.42%
FHA assumed rate
$65,950 interest already paid off
Estimated Loan Balance$302,083
Cash to close$22,907
Est. Monthly PITI$2,339
Initial Loan Amount$314,204
Time on site8 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$22,907
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

Welcome to The Colony South. A quiet pocket of Canyon Creek Deer Valley built around a community pool, spa, walking paths, and a dog park, just off Greenway Road and I-17 in north Phoenix. This two-story home offers a direct-access 2-car garage, plus one additional parking space in the driveway. Step inside to vaulted ceilings and tile flooring that carries through the entry and dining area, with one bedroom tucked just off the entry, complete with its own half bath and adjoining laundry, and a staircase leading up to the home's other three bedrooms. The kitchen keeps its painted white cabinetry, tile countertops, and a built-in oven and microwave tower, with a breakfast bar open to the dining space. Black hardware has been replaced throughout the home, tying the finishes together room to room. Upstairs, the primary suite has its own private bath and closet, and one of the home's two full bathrooms has already been freshly updated with a new vanity and matte black fixtures. A half bath downstairs rounds out two and a half baths total. Three additional bedrooms offer room to spread out, each with its own closet. Out back, French doors off the kitchen open to a private patio, your own spot for morning coffee or an evening wind-down. The HOA, at $179 a month, covers exterior maintenance and front yard care and includes access to the community pool, spa, walking paths, and dog park just around the corner. Easy access to both I-17 and the 101 puts the whole Valley within reach for work or weekends.

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 $22,907. 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
Bathrooms3
Square feet1,575
Property typeSingle Family
MLS #7075152
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)
$1,972/mo
Source est. payment (PITI)
$2,339/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$22,907

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

$0$22,907
Additional funds needed$0

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