Properties / 18261 W Poston Drive
FHA ASSUMABLERate: 6.63%

18261 W Poston Drive

$410,000
Surprise, AZ 85387
4 beds2 baths1,789 sqftSingle Family
The assumable advantage
6.63%
FHA assumed rate
$64,767 interest already paid off
Estimated Loan Balance$385,948
Cash to close$24,457
Est. Monthly PITI$2,985
Initial Loan Amount$396,083
Time on site28 days
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$24,052
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

ASSUMABLE FHA LOAN AT ONLY 4.875%! Qualified buyers may have the opportunity to assume this low-rate loan with as little as 5% down, potentially saving hundreds each month compared to current market rates! Welcome to this beautiful 4-bedroom, 2-bath home in North Copper Canyon! Built in 2024, this single-story home features an open layout, granite countertops, kitchen island, walk-in pantry, split primary suite, covered patio, and 2-car garage. Enjoy fantastic community amenities including a pool, pickleball courts, playground, and biking/walking paths. A rare opportunity to own a nearly new home while taking advantage of an incredible assumable FHA loan--don't miss this one!

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 $24,052. 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
Bathrooms2
Square feet1,789
Property typeSingle Family
MLS #7066650
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)
$2,543/mo
Source est. payment (PITI)
$2,985/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$24,052

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

$0$24,052
Additional funds needed$0

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