Properties / 24133 W GIBSON Lane
FHA ASSUMABLERate: 6.94%

24133 W GIBSON Lane

$399,900
Buckeye, AZ 85326
3 beds2 baths1,720 sqftSingle Family
The assumable advantage
6.94%
FHA assumed rate
$105,925 interest already paid off
Estimated Loan Balance$398,058
Cash to close$1,400
Est. Monthly PITI$3,362
Initial Loan Amount$415,260
Time on site2 days
Remaining Term26 years, 4 months
Seller's equity (what you pay)
$1,842
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

This charming original-owner home is an ideal opportunity for a first-time buyer or investor, set on a spacious pie-shaped homesite that enhances both privacy and potential. Inside, you'll find 3 bedrooms plus a den and 2 baths across 1720 SqFt, featuring an open great room design and a thoughtful split-bedroom layout. The kitchen stands out with rich dark maple cabinetry, quartz countertops, stainless steel appliances, a walk-in pantry, and an island with a welcoming breakfast bar. Center-meet sliding glass doors connect the great room to a covered patio, extended paver patio, and low-maintenance artificial turf--perfect for relaxing or entertaining. The generous side yard remains unfinished, offering ample space for a future pool and even capturing some mountain views. The primary suite includes an en-suite bath with dual sinks, an oversized shower, and a walk-in closet. Additional highlights include a water softener, R/O system, a 2-car garage with paver driveway, and leased solar panels for added utility savings.

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 $1,842. 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 feet1,720
Property typeSingle Family
MLS #7077892
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)
$2,746/mo
Source est. payment (PITI)
$3,362/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$1,842

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

$0$1,842
Additional funds needed$0

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