Assumable FHA loan at 4.99%--a rare opportunity! This move-in ready home offers the benefits of newer construction without the wait or added costs. Located in the desirable Wales Ranch community of San Tan Valley, enjoy a community lake, pickleball courts, playgrounds, green space & convenient access to Queen Creek shopping & dining. Built just three years ago, the home features north/south exposure, 9' ceilings, granite countertops, stainless steel appliances & white cabinetry. The low-maintenance backyard includes turf, rock & extended concrete--perfect for entertaining. Additional upgrades include ceiling fans, blinds throughout & a garage door opener. Truly move-in ready!
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.
You need to cover the seller's equity of $40,305. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.