Properties / 16233 W CIELO GRANDE Avenue
FHA ASSUMABLERate: 6.65%

16233 W CIELO GRANDE Avenue

$430,000
Surprise, AZ 85387
3 beds3 baths1,972 sqftSingle Family
The assumable advantage
6.65%
FHA assumed rate
$77,490 interest already paid off
Estimated Loan Balance$392,667
Cash to close$37,333
Est. Monthly PITI$3,062
Initial Loan Amount$405,962
Time on site2 days
Remaining Term27 years, 1 month
Seller's equity (what you pay)
$37,333
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this beautifully maintained 2023 Fulton HOmes residence in Redwood Valley at Escalante. Offering 1,971 sq ft of thoughtfully designed living space, this 3-bed, 2.5 bath, two-story home delivers the modern layout, elevated details, and community amenities today's buyers are looking for. The open-concept main level creates an inviting flow between the living, dining and gourmet kitchen, making everyday living and entertaining fell effortless. 9ft ceilings and 8 ft interior doors on both levels add an upscale sense of scale, while 2-inch faux wood blinds and ceiling fans throughout provide style and everyday comfort. The spacious primary suite offers a private retreat, while 2 additional bedrooms provide flexibility for guests, a home office, or other lifestyle needs. ENERGY STAR and Indoor AirPLUS features, this newer residence offers the peace of mind and efficiency associated with modern construction. The 2-car garage provides convenient parking and storage, while the low-maintenance design lets you spend more time enjoying the home and community. Redwood Valley at Escalante adds another dimension to the lifestyle, with and impressive collection of amenities including a community aquatic center and pool, parks, ope spaces, walking trails, pickleball and bocce courts, basketball and more. The location also provides convenient access to the Loop 303 and US 60, putting shopping, dining, entertainment, and recreation throughout the Surprise and Northwest Valley within easy reach.

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 $37,333. 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
Bathrooms3
Square feet1,972
Property typeSingle Family
MLS #7075972
CountyMaricopa County
Assumable loanFHA
Tour this home
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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
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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)
$2,609/mo
Source est. payment (PITI)
$3,062/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$37,333

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

$0$37,333
Additional funds needed$0

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