Properties / 5528 W MCNEIL Street
FHA ASSUMABLERate: 6.12%

5528 W MCNEIL Street

$450,000
Laveen, AZ 85339
3 beds2 baths1,566 sqftSingle Family
The assumable advantage
6.12%
FHA assumed rate
$49,032 interest already paid off
Estimated Loan Balance$415,854
Cash to close$36,857
Est. Monthly PITI$3,134
Initial Loan Amount$422,691
Time on site50 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$34,146
Cash or secondary financing
Monthly savings
$67
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Superbly maintained Ashton Woods Craftsman in amenity-rich Estrella Crossing, nestled in Laveen Village; just off Loop 202/South Mountain Freeway and northwest of vibrant Gila River Resort Vee Quiva - this property is only minutes away from some of the area's best shopping, dining, entertainment, and recreation. Interior features include intelligent layout (Ashton Woods Violet Floorplan) & tasteful touches; proper entryway foyer; wood-look tile flooring; 9ft ceilings with recessed lighting; expansive great room open to spacious kitchen & dining (including center island, farmhouse sink, breakfast bar, white quartz countertops, two-tone color-contrast gray-white cabinetry, stylish beige backsplash, & stainless steel appliances); primary bedroom features full ensuite bathroom with double-vanity, standing shower, and walk-in closet; 2nd & 3rd bedrooms off 2nd full bathroom, reinforce preferential value & practical utility. Exterior features include attractive architectural accents & easy-care desert hardscape front landscaping, plus securely gated & walled backyard with covered patio serving as serene sanctuary as well as exciting entertainment space. Extended 2-car garage and driveway provide ample private parking, too. This dynamic property is set & ready to be a stellar starter for first-time homebuyers, an exciting change of space for seasoned homeowners, or even an income-producing rental (short-term, executive-stay, vacation, traditional/long-term lease) asset for savvy investors.

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 $34,146. 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 feet1,566
Property typeSingle Family
MLS #6997891
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)
$2,587/mo
Source est. payment (PITI)
$3,134/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$34,146

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

$0$34,146
Additional funds needed$0

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