Properties / 17814 W MEDLOCK Drive
FHA ASSUMABLERate: 6.54%

17814 W MEDLOCK Drive

$595,000
Litchfield Park, AZ 85340
5 beds4 baths2,778 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$61,164 interest already paid off
Estimated Loan Balance$529,768
Cash to close$65,232
Est. Monthly PITI$3,866
Initial Loan Amount$539,427
Time on site10 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$65,232
Cash or secondary financing
Monthly savings
$82
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Beautiful, spacious home in Allen Ranch is sure to impress! Great curb appeal with stone accent details, manicured landscape, and a paver driveway. The fabulous interior features high ceilings, tons of natural light, recessed lighting, neutral palette, and tile flooring w/carpet in bedrooms. Discover a formal living room and a desirable great room, perfect for entertaining! The gourmet kitchen boasts granite counters, a pantry, staggered wood cabinets, island w/breakfast bar, and high-end SS appliances w/cooktop gas & wall ovens. Large main bedroom has an ensuite with a dual granite vanity, separate tub/shower, & a walk-in closet. PLUS! The guest quarter has its own living space & bedroom w/attached bathroom. The backyard, with a covered patio, is waiting for your creative ideas. Just WOW!

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 $65,232. 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

Bedrooms5
Bathrooms4
Square feet2,778
Property typeSingle Family
MLS #7073731
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)
$3,427/mo
Source est. payment (PITI)
$3,866/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$65,232

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

$0$65,232
Additional funds needed$0

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