Properties / 1513 S 231ST Lane
FHA ASSUMABLERate: 6.5%

1513 S 231ST Lane

$379,000
Buckeye, AZ 85326
3 beds3 baths2,154 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$42,855 interest already paid off
Estimated Loan Balance$356,647
Cash to close$22,717
Est. Monthly PITI$2,737
Initial Loan Amount$363,199
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$22,353
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

Come see me today! This home has new paint inside and out, newer luxury vinyl floors throughout. A nice large eat in kitchen with granite countertops and a walk in pantry. There is a large office downstairs that could be used as an extra bedroom, a very large bonus room upstairs that would be great for a game or movie room or extra bedroom space if needed! The laundry room is located upstairs for your convenience. The front yard is landscaped with low maintenance plants, the backyard has been started but the new owners could put the finishing touches to it! This home is conveniently located near shopping, dining, easy access to the freeway.

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 $22,353. 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
Bathrooms3
Square feet2,154
Property typeSingle Family
MLS #6995423
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$2,300/mo
Source est. payment (PITI)
$2,737/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$22,353

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

$0$22,353
Additional funds needed$0

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