Properties / 37958 W MERCED Street
FHA ASSUMABLERate: 6.32%

37958 W MERCED Street

$300,000
Maricopa, AZ 85138
5 beds3 baths2,755 sqftSingle Family
The assumable advantage
6.32%
FHA assumed rate
$693 interest already paid off
Estimated Loan Balance$6,168
Cash to close$293,832
Est. Monthly PITI$381
Initial Loan Amount$6,373
Time on site21 days
Remaining Term21 years, 4 months
Seller's equity (what you pay)
$293,832
Cash or secondary financing
Monthly savings
$1,725
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Discover the opportunity to make this spacious Maricopa home your own! This generously sized residence provides plenty of room to spread out, entertain and create spaces that fit your lifestyle. The functional floor plan offers flexibility for both everyday living and gathering with family and friends, while the generous living areas provide a great foundation for your personal vision. Whether you're looking for more space, a home to personalize or an opportunity to build equity through thoughtful updates, this property offers exciting possibilities. Ideally located near shopping, dining, parks and community amenities, you'll enjoy both convenience and value. Come see the space, envision the possibilities and discover what you can create here!

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 $293,832. 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 feet2,755
Property typeSingle Family
MLS #7069735
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)
$44/mo
Source est. payment (PITI)
$381/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$293,832

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

$0$293,832
Additional funds needed$0

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