Properties / 15243 W STATLER Street
FHA ASSUMABLERate: 3.45%

15243 W STATLER Street

$439,900
Surprise, AZ 85374
3 beds3 baths2,485 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$41,519 interest already paid off
Estimated Loan Balance$255,449
Cash to close$184,965
Est. Monthly PITI$1,721
Initial Loan Amount$279,812
Time on site42 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$184,451
Cash or secondary financing
Monthly savings
$1,340
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

3BD/2.5BA home in The Orchards of Surprise with 2,485 SF and a potential 4.125% assumable loan, subject to lender approval and qualification. Soaring ceilings and over 2,485 square feet of thoughtfully designed living space set the stage for this beautifully maintained home. Built in 2004, this two-story home offers 3 bedrooms, 2.5 bathrooms, multiple living areas, and versatile spaces that can easily adapt to your lifestyle. The kitchen serves as the heart of the home with granite countertops, an oversized island with seating, stainless steel appliances, abundant cabinetry, and an open connection to the dining area and family room. Natural light fills the main living spaces, while the soaring ceiling in the formal living room creates an inviting first impression and adds architectural.... character. Designed with flexibility in mind, the home features both an upstairs loft & an additional downstairs flex space that can serve as a home office, media room, hobby space, workout area, play area or study. Tile flooring extends throughout the main living areas, while carpet provides comfort in the bedrooms, loft, and family room. A convenient half bath is also located on the main level for guests. The spacious primary suite offers a relaxing retreat with a walk-in closet, dual sink vanity, separate garden tub and shower, and a private water closet. Two additional bedrooms and the upstairs loft provide comfortable separation between living and sleeping spaces. Outside, enjoy a covered patio and backyard ready for relaxing or entertaining. A two-car garage and low-maintenance landscaping complete the property. Located in The Orchards, residents enjoy convenient access to the Surprise Recreation Campus, aquatic center, library, parks, tennis courts, fishing lake, Surprise Stadium, shopping, dining, grocery stores, and everyday services. The neighborhood also offers convenient access to schools and major West Valley commuter routes.

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 $184,451. 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 feet2,485
Property typeSingle Family
MLS #7058964
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$1,254/mo
Source est. payment (PITI)
$1,721/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$184,451

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

$0$184,451
Additional funds needed$0

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