Properties / 18031 W UDALL Drive
FHA ASSUMABLERate: 2.87%

18031 W UDALL Drive

$327,900
Surprise, AZ 85374
1 beds2 baths1,270 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$43,975 interest already paid off
Estimated Loan Balance$291,293
Cash to close$39,857
Est. Monthly PITI$1,828
Initial Loan Amount$324,022
Time on site50 days
Remaining Term25 years
Seller's equity (what you pay)
$36,607
Cash or secondary financing
Monthly savings
$572
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Welcome to this well-maintained home in the secure adult community of Arizona Traditions with 1 bedroom a den and 2 baths. Very Open Plan with combination of Kitchen with stainless steel appliances and front room with media nook. Neutral paint, carpet and window coverings throughout this1270 sq ft Arcadia model. Main bedroom with walk in closet and ensuite. Home is in a north-south direction that offers the perfect setting with the covered Patio plus Pergola. Low maintenance front and backyard with desert landscaping and there is an auto drip system. Expanded two car garage with storage. Double layer roof underlayment and HVAC system installed in 2022. All the amenities of AZT including golf, tennis, pickleball, workout facility etc. are included with this clean home. that could be yours.

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 $36,607. 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

Bedrooms1
Bathrooms2
Square feet1,270
Property typeSingle Family
MLS #7011902
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)
$1,362/mo
Source est. payment (PITI)
$1,828/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$36,607

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

$0$36,607
Additional funds needed$0

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