Properties / 2301 E LYNNE Lane
FHA ASSUMABLERate: 2.9%

2301 E LYNNE Lane

$269,900
Phoenix, AZ 85042
3 beds1 baths900 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$35,225 interest already paid off
Estimated Loan Balance$240,545
Cash to close$32,507
Est. Monthly PITI$1,559
Initial Loan Amount$265,109
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$29,355
Cash or secondary financing
Monthly savings
$471
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Seize the chance to own this charming 3-bedroom residence with no HOA! Inside, you'll find an open layout with a soothing palette, recessed lighting, and wood-look flooring. The kitchen has solid surface coutners, white shaker cabinets, and sleek stainless steel appliances. All bedrooms are cozy and well-sized, providing a private retreat for a good night's sleep. Venture out onto the sizeable backyard, offering a covered patio, a shed for additional storage, natural turf, and abundant space for crafting your dream outdoor oasis. Don't miss out on this fantastic investment opportunity!

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 $29,355. 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
Bathrooms1
Square feet900
Property typeSingle Family
MLS #6996788
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)
$1,121/mo
Source est. payment (PITI)
$1,559/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$29,355

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

$0$29,355
Additional funds needed$0

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