Properties / 72 W DRAGON TREE Avenue
FHA ASSUMABLERate: 3.07%

72 W DRAGON TREE Avenue

$425,000
Queen Creek, AZ 85140
3 beds2 baths1,671 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$32,357 interest already paid off
Estimated Loan Balance$210,619
Cash to close$215,291
Est. Monthly PITI$1,473
Initial Loan Amount$233,516
Time on site38 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$214,381
Cash or secondary financing
Monthly savings
$1,506
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome home to this well-maintained 3-bedroom, 2-bath residence in Ironwood Crossing, the heart of Queen Creek! Indulge in the amenities which include parks and resort style community pools with splash pad. The open-concept layout creates a bright and inviting space perfect for everyday living and entertaining with surround sound. The kitchen is upgraded with quartz counter tops and features a breakfast bar island. In the primary suite you will see a walk-in closet and ensuite bathroom with separate shower and tub, double sinks and a private toilet room. Outside, relax under the covered patio. Backyard equipped with a hot tub, perfect for outdoor entertaining! Enjoy the quick access to Queen Creek Market Place and the upcoming Switchyard District for your shopping and dining needs.

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 $214,381. 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 feet1,671
Property typeSingle Family
MLS #7062085
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)
$1,000/mo
Source est. payment (PITI)
$1,473/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$214,381

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

$0$214,381
Additional funds needed$0

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