Properties / 20537 W GORDON Way
FHA ASSUMABLERate: 6.5%

20537 W GORDON Way

$615,000
Wittmann, AZ 85361
4 beds4 baths2,885 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$24,784 interest already paid off
Estimated Loan Balance$456,066
Cash to close$159,368
Est. Monthly PITI$3,431
Initial Loan Amount$459,452
Time on site50 days
Remaining Term29 years, 2 months
Seller's equity (what you pay)
$158,934
Cash or secondary financing
Monthly savings
$717
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

PRICE IMPROVEMENT!!! Opportunity meets versatility on this spacious 1.21-acre horse property with no HOA! This unique property includes a 1,985 sq ft main residence plus an additional 900 sq ft casita with its own kitchen, living area, bedroom, and bathrooms--ideal for multigenerational living, extended family, guests, or rental potential totaling approximately 2,885 square feet of living space. The main home features 3 bedrooms and 2 bathrooms with an oversized primary suite complete with a fireplace, spacious walk-in closet, and spa-inspired bath. The partially updated kitchen offers granite countertops, gas cooking, multiple ovens, a large island, walk-in pantry, and opens to comfortable living and dining spaces perfect for everyday living. Step outside to enjoy an entertainer's backyard featuring an expansive covered patio, screened Arizona room, built-in BBQ, fire pit, and plenty of room to relax while taking in Arizona sunsets. The property also offers a 3-car garage, solar, irrigation, horse facilities, two RV hookups, and a fully functional water feature in the courtyard, covered storage, and abundant space for trailers, toys, animals, or future expansion. If you've been searching for acreage, flexibility, and room to grow, this property delivers endless possibilities.

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 $158,934. 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
Bathrooms4
Square feet2,885
Property typeSingle Family
MLS #7052749
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)
$2,910/mo
Source est. payment (PITI)
$3,431/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$158,934

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

$0$158,934
Additional funds needed$0

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