Properties / 5334 S 237TH Lane
FHA ASSUMABLERate: 5.22%

5334 S 237TH Lane

$304,999
Buckeye, AZ 85326
3 beds2 baths1,310 sqftSingle Family
The assumable advantage
5.22%
FHA assumed rate
$59,022 interest already paid off
Estimated Loan Balance$282,172
Cash to close$24,883
Est. Monthly PITI$2,129
Initial Loan Amount$297,110
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$22,827
Cash or secondary financing
Monthly savings
$149
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Fantastic corner lot property we know you are going to love. Spacious living room and good sized bedrooms with ceiling fans. Neutral color paint throughout. The kitchen offers tile backsplash, granite countertops, and upgraded cabinetry with plenty of storage space. No maintenance landscaping in the backyard with covered patio and room to relax, entertain, and play. The neighborhood is well maintained and quiet. Ideal starter home for you first time buyers. It is also perfect as a rental if you're looking for an investment. Hurry and come take a look while you still can! You won't be disappointed.

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 $22,827. 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
Bathrooms2
Square feet1,310
Property typeSingle Family
MLS #7008551
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)
$1,650/mo
Source est. payment (PITI)
$2,129/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$22,827

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

$0$22,827
Additional funds needed$0

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