Properties / 213 W MORRIS Drive
FHA ASSUMABLERate: 6.78%

213 W MORRIS Drive

$225,000
Queen Valley, AZ 85118
3 beds2 baths961 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$27,197 interest already paid off
Estimated Loan Balance$165,068
Cash to close$61,078
Est. Monthly PITI$1,378
Initial Loan Amount$168,106
Time on site50 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$59,932
Cash or secondary financing
Monthly savings
$225
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Finance eligible 3-bed, 1.5-bath manufactured home in Queen Valley, AZ! Amazing mountain views from your porch in this desert retreat. Near top-rated golfing, scenic hiking trails, and endless outdoor adventures. Open floor plan, and a spacious lot with room to relax. Garage and room in the driveway for an RV! Whether you're looking for a full-time residence or a vacation getaway, Come enjoy the beauty of Arizona. Don't miss this opportunity, COME SEE IT TODAY!

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 $59,932. 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 feet961
Property typeSingle Family
MLS #6968525
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)
$1,102/mo
Source est. payment (PITI)
$1,378/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$59,932

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

$0$59,932
Additional funds needed$0

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