Properties / 24885 W WAYLAND Drive
FHA ASSUMABLERate: 4.59%

24885 W WAYLAND Drive

$416,999
Buckeye, AZ 85326
5 beds3 baths2,704 sqftSingle Family
The assumable advantage
4.59%
FHA assumed rate
$80,329 interest already paid off
Estimated Loan Balance$196,578
Cash to close$220,851
Est. Monthly PITI$1,624
Initial Loan Amount$230,743
Time on site49 days
Remaining Term21 years, 11 months
Seller's equity (what you pay)
$220,421
Cash or secondary financing
Monthly savings
$1,272
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Beautiful two-story home with paid solar, soaring high ceilings, and an open stair railing that creates a bright, spacious feel. The versatile floor plan features a downstairs in-law/guest suite, an upstairs loft perfect for a second living area or office, a 3-car garage, and an RV gate for added convenience. Ideally located just minutes from the new shopping, dining, and conveniences off Miller, this home offers comfort, style, and functionality--all at a great price. Don't miss this exceptional opportunity!

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 $220,421. 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

Bedrooms5
Bathrooms3
Square feet2,704
Property typeSingle Family
MLS #7058247
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)
$1,187/mo
Source est. payment (PITI)
$1,624/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$220,421

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

$0$220,421
Additional funds needed$0

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