Nice opportunity for hard to find lot in Surprise. Access to water company, right off the Patton Rd parkway, with subdivision on south side. This is nice level land, recently cleared and grubbed. There is a private easement up the east side for the four lots of this minor land division. Water will actually come from the north of the property. Will require septic system. Excellent roads all the way to this property. These kind of lots are very hard to come by in Surprise! Seller will consider financing this. *an owner of this parcel holds AZ real estate License.
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.
You need to cover the seller's equity of $0. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
Confirm the current loan balance and equity requirement with an agent before estimating cash needed.