Properties / 25602 S 224TH Place
FHA ASSUMABLERate: 5.8%

25602 S 224TH Place

$499,900
Queen Creek, AZ 85142
4 beds3 baths1,942 sqftSingle Family
The assumable advantage
5.8%
FHA assumed rate
$86,957 interest already paid off
Estimated Loan Balance$456,604
Cash to close$43,885
Est. Monthly PITI$3,059
Initial Loan Amount$466,297
Time on site50 days
Remaining Term36 years, 9 months
Seller's equity (what you pay)
$43,296
Cash or secondary financing
Monthly savings
$442
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to The Shiloh, a thoughtfully designed single-story home located in the highly sought-after Harvest at Queen Creek community. Built in 2022, this beautifully maintained residence offers 4 bedrooms, 2.5 bathrooms, and an open-concept floor plan that blends modern design with everyday functionality. At the heart of the home, the spacious kitchen features ample cabinetry, a walk-in pantry, modern finishes, and seamless flow into the great room--creating an ideal space for entertaining or everyday living. The split primary suite offers a private retreat with a spacious walk-in closet, dual vanities, a separate soaking tub, and walk-in shower, while three additional bedrooms provide flexibility for guests, a home office, or hobbies. Step outside to a covered patio and low-maintenance backyard, perfect for relaxing or enjoying Arizona evenings. Beyond the home, Harvest offers an exceptional lifestyle with resort-style pools, parks, walking and biking paths, a community lake, splash pad, playgrounds, and inviting gathering spaces--all just minutes from shopping, dining, schools, and the continued growth of Queen Creek. If you're looking for a move-in-ready home that combines modern construction, functional design, and one of Queen Creek's premier master-planned communities, this is an opportunity you won't want to miss.

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 $43,296. 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 feet1,942
Property typeSingle Family
MLS #7057216
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)
$2,506/mo
Source est. payment (PITI)
$3,059/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$43,296

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

$0$43,296
Additional funds needed$0

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