Properties / 22508 E LAWNDALE Place
FHA ASSUMABLERate: 6.82%

22508 E LAWNDALE Place

$478,999
Queen Creek, AZ 85142
3 beds2 baths1,681 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$78,505 interest already paid off
Estimated Loan Balance$440,062
Cash to close$39,387
Est. Monthly PITI$3,478
Initial Loan Amount$451,668
Time on site39 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$38,937
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

Gorgeous single-level home is now on the market! The nice foyer welcomes you into the bright interior, featuring tile flooring, a neutral palette, a gourmet kitchen with shaker-style cabinets with crown molding. Tile backsplash, granite countertops, a walk-in pantry, SS appliances, and an island. The main bedroom offers a walk-in closet and a bathroom with dual sinks. The backyard features a covered patio perfect for enjoying morning coffee, low maintenance turf, citrus trees and a dog run. The ample space is great for outdoor dining and relaxation. Remember to visit the community's pool, lake, clubhouse, and other amenities! Welcome home!

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 $38,937. 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 feet1,681
Property typeSingle Family
MLS #7061715
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)
$2,957/mo
Source est. payment (PITI)
$3,478/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$38,937

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

$0$38,937
Additional funds needed$0

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