Properties / 941 W HUDSON Way
FHA ASSUMABLERate: 6.87%

941 W HUDSON Way

$445,000
Gilbert, AZ 85233
3 beds2 baths1,377 sqftSingle Family
The assumable advantage
6.87%
FHA assumed rate
$60,072 interest already paid off
Estimated Loan Balance$415,450
Cash to close$29,550
Est. Monthly PITI$3,239
Initial Loan Amount$424,193
Time on site11 days
Remaining Term28 years
Seller's equity (what you pay)
$29,550
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

Welcome home to this charming single-level home in a fantastic Gilbert location! Featuring 3 bedrooms, 2 baths and a 2-car garage, this light and bright home offers a comfortable, functional floorplan with neutral finishes throughout. Enjoy separate living and dining spaces, plus a welcoming family room that flows into the bright kitchen. Fresh interior and exterior paint and newer windows add to the clean, move-in-ready feel. Step outside to a beautiful, low-maintenance backyard with mature trees, turf, automatic watering, a covered patio, extended patio and firepit... perfect for relaxing, entertaining or enjoying Arizona evenings. Conveniently located near Downtown Gilbert, shopping, dining and US-60, with ASU and Sky Harbor Airport within easy reach.

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 $29,550. 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 feet1,377
Property typeSingle Family
MLS #7069539
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)
$2,788/mo
Source est. payment (PITI)
$3,239/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$29,550

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

$0$29,550
Additional funds needed$0

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