Properties / 11205 E IRONWOOD Lane
FHA ASSUMABLERate: 6.51%

11205 E IRONWOOD Lane

$439,000
Dewey, AZ 86327
3 beds2 baths2,217 sqftSingle Family
The assumable advantage
6.51%
FHA assumed rate
$455,867 interest already paid off
Estimated Loan Balance$245,062
Cash to close$193,938
Est. Monthly PITI$3,327
Initial Loan Amount$427,500
Time on site11 days
Remaining Term10 years, 4 months
Seller's equity (what you pay)
$193,938
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

Opportunity awaits in Dewey! Situated in the desirable Prescott Country Club area, this multi-level home offers plenty of potential to make it your own. Enjoy a large lot with beautiful views, providing plenty of outdoor space for relaxing, entertaining, gardening, or simply taking in the Arizona scenery. A large, elevated deck at the back of the home provides additional space for outdoor enjoyment. The home features a functional floor plan and is priced to allow room for your personal updates and improvements. Additional features include a sunroom and a unique indoor gardening room with built-in planting beds. A great opportunity for buyers looking for space, views, and the chance to add their own style and value.

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 $193,938. 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 feet2,217
Property typeSingle Family
MLS #7073488
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)
$2,720/mo
Source est. payment (PITI)
$3,327/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$193,938

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

$0$193,938
Additional funds needed$0

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