Properties / 12605 W BOCA RATON Road W
FHA ASSUMABLERate: 6.5%

12605 W BOCA RATON Road W

$395,000
El Mirage, AZ 85335
4 beds2 baths1,722 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$43,376 interest already paid off
Estimated Loan Balance$360,611
Cash to close$34,389
Est. Monthly PITI$2,728
Initial Loan Amount$367,611
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$34,389
Cash or secondary financing
Monthly savings
$3
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

BACK ON MARKET-NOT DUE TO SELLER OR PROPERTY! Home Inspected & BRAND-NEW ROOF Installed + More! 4 Bedroom, 2 Full Bath POOL HOME. INCREDIBLE USE-OF-SPACE, virtually NO Hallways Or Wasted Space-HOME LIVES LARGER THAN MOST 2,000sq' HOMES! Spacious vaulted-ceiling living room flows to open kitchen: SS Appliances, Pantry, QUARTZ, Center Island & Breakfast Bar overlooking Beautiful Backyard w/Sparkling Pool. 4th Bedroom w/2 Entrances is ideal Office, Guest or Flex Room! FAMILY FUN Backyard w/Artificial Turf, Putting Green, Covered & Uncovered Patios & BBQ Area. POOL separated by Wrought-Iron SAFETY FENCE! BRAND-NEW ROOF, Water Heater, Regularly Serviced HVAC & Pool. A LOT OF HOME, POOL & FEATURES FOR THE MONEY! From the moment you walk in, the home feels open, bright, functional, and much larger than expected. The layout was designed with outstanding flow between the living areas, kitchen, bedrooms, and backyard, making every square foot feel purposeful and well utilized. The kitchen serves as the focal point of the home with direct backyard and pool views, creating a great setup for both daily living and entertaining. The versatile 4th bedroom features two separate entry points, allowing it to function as a true bedroom, private office, workout room, playroom, or flex space. The backyard was designed for low-maintenance enjoyment and entertaining, featuring artificial turf, putting green, covered and uncovered patio areas, BBQ space, and an elegant iron pool fence that adds an extra level of pool safety without closing off the yard visually. The current owners have taken exceptional care of the property. Recent improvements include a July 2026 NEW ROOF! Newer water heater, well serviced HVAC system, pool vacuum system, added turf, and additional backyard upgrades. Additional features include crown molding, designer paint, natural light throughout, and 2-car garage. This is one of those rare homes where pride of ownership is immediately obvious both inside and out.

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 $34,389. 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

Bedrooms4
Bathrooms2
Square feet1,722
Property typeSingle Family
MLS #7025678
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$2,326/mo
Source est. payment (PITI)
$2,728/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$34,389

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

$0$34,389
Additional funds needed$0

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