Properties / 2955 E FARMDALE Avenue
FHA ASSUMABLERate: 6.93%

2955 E FARMDALE Avenue

$525,000
Mesa, AZ 85204
3 beds2 baths1,706 sqftSingle Family
The assumable advantage
6.93%
FHA assumed rate
$50,662 interest already paid off
Estimated Loan Balance$483,677
Cash to close$41,323
Est. Monthly PITI$3,792
Initial Loan Amount$490,943
Time on site2 days
Remaining Term28 years, 6 months
Seller's equity (what you pay)
$41,323
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautiful 3-bedroom home with the space, style, and flexibility you've been looking for! From the striking stone-accented exterior to the thoughtfully designed interior, this home is ready to impress. The chef's kitchen is a standout, featuring stainless steel appliances, double wall ovens, tile backsplash, abundant cabinetry, generous counter space, pantry, and a center island with breakfast bar. The spacious primary suite offers a relaxing sitting area plus a private bath with dual sinks and walk-in closet. Out back, enjoy a covered patio and a generously sized yard with plenty of room to create your dream outdoor space--including the potential for a pool! Conveniently located near parks, schools, and everyday amenities. Don't miss your opportunity to make this one yours!

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 $41,323. 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 feet1,706
Property typeSingle Family
MLS #7077676
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)
$3,246/mo
Source est. payment (PITI)
$3,792/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$41,323

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

$0$41,323
Additional funds needed$0

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