Properties / 17922 W LAWRENCE Lane W
FHA ASSUMABLERate: 6.49%

17922 W LAWRENCE Lane W

$485,000
Waddell, AZ 85355
5 beds3 baths2,285 sqftSingle Family
The assumable advantage
6.49%
FHA assumed rate
$208,780 interest already paid off
Estimated Loan Balance$134,196
Cash to close$351,404
Est. Monthly PITI$1,809
Initial Loan Amount$209,961
Time on site23 days
Remaining Term12 years, 1 month
Seller's equity (what you pay)
$350,804
Cash or secondary financing
Monthly savings
$1,522
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Prime oversized .35 acre lot with no neighbors behind, double gate, so many upgrades! Detached garages allowed in this neighborhood! Extended paver drive to double gate & upgraded front porch entry. Inside soaring ceilings & wood staircase railing give this home a dramatic entry. Kitchen has white cabinets with extended height, granite counters, pendent lighting, stainless steal appliances including gas range. Family rm has cozy fireplace with shiplap surround with a sleek built in TV niche above & TV stays. Downstairs primary suite is spacious with bay window upgrade, wood flooring, bath has double sinks, separate soaking tub & shower & walk in closet. Downstairs bdr & bath + upstairs has 3 more bdrs, bath + a a loft. So many upgrades + a hard to find huge lot make this home a rare find!

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 $350,804. 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
Bathrooms3
Square feet2,285
Property typeSingle Family
MLS #7068449
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$1,338/mo
Source est. payment (PITI)
$1,809/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$350,804

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

$0$350,804
Additional funds needed$0

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