Properties / 15630 N Lakeforest Drive
FHA ASSUMABLERate: 6.76%

15630 N Lakeforest Drive

$199,000
Sun City, AZ 85351
2 beds2 baths1,204 sqftSingle Family
The assumable advantage
6.76%
FHA assumed rate
$13,552 interest already paid off
Estimated Loan Balance$149,743
Cash to close$49,536
Est. Monthly PITI$1,268
Initial Loan Amount$151,353
Time on site50 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$49,257
Cash or secondary financing
Monthly savings
$189
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome to this well-maintained home in the highly sought-after 55+ community of Sun City. Offering a comfortable and functional layout, this home is ready for its next owner to make it their own. A new water heater provides added value and peace of mind, while the spacious living areas and abundant natural light create a warm, inviting atmosphere. Enjoy all that Sun City has to offer, including golf courses, recreation centers, pools, clubs, fitness facilities, and countless social activities. Conveniently located near shopping, dining, medical facilities, and everyday amenities, this is a fantastic opportunity to enjoy the active Arizona lifestyle at an affordable price.

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 $49,257. 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

Bedrooms2
Bathrooms2
Square feet1,204
Property typeSingle Family
MLS #7053994
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)
$985/mo
Source est. payment (PITI)
$1,268/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$49,257

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

$0$49,257
Additional funds needed$0

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