Properties / 9930 E TIMPANI Lane
FHA ASSUMABLERate: 2.89%

9930 E TIMPANI Lane

$580,000
Mesa, AZ 85212
4 beds3 baths2,279 sqftSingle Family
The assumable advantage
2.89%
FHA assumed rate
$48,596 interest already paid off
Estimated Loan Balance$274,323
Cash to close$308,232
Est. Monthly PITI$1,922
Initial Loan Amount$312,028
Time on site50 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$305,677
Cash or secondary financing
Monthly savings
$2,108
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Move-in ready luxury in the heart of Cadence at Gateway! This beautifully refreshed single-level home offers 4 bedrooms, 3 full bathrooms, and 2,279 square feet of bright, open living space. Featuring fresh interior paint throughout and brand-new carpet in the bedrooms, every detail is primed for comfort from day one. Step inside to an expansive great room layout complemented by easy-care tile flooring across all main living areas. The kitchen is equipped with granite countertops, stainless steel appliances, and ample workspace for cooking and gathering. In addition to four spacious bedrooms, enjoy a generous flex room that easily adapts as a home office, movie den, or play area. Out back, relax in your private, low-maintenance backyard retreat complete with synthetic turf--perfect for easy outdoor living and entertaining under the Arizona sky. Located just steps from Cadence's premier resort-style amenities, including community pools, waterslides, a fitness center, sport courts, and neighborhood parks. Enjoy quick, convenient access to Loop 202, SR-24, nearby shopping, and dining. Don't miss this turnkey 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 $305,677. 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
Bathrooms3
Square feet2,279
Property typeSingle Family
MLS #7030756
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)
$1,312/mo
Source est. payment (PITI)
$1,922/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$305,677

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

$0$305,677
Additional funds needed$0

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