Properties / 30141 N OAK Drive
FHA ASSUMABLERate: 3.02%

30141 N OAK Drive

$275,000
Florence, AZ 85132
3 beds2 baths1,541 sqftSingle Family
The assumable advantage
3.02%
FHA assumed rate
$39,047 interest already paid off
Estimated Loan Balance$223,282
Cash to close$51,210
Est. Monthly PITI$1,507
Initial Loan Amount$253,326
Time on site0 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$51,718
Cash or secondary financing
Monthly savings
$551
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Single-level 3-bed, 2-bath split floor plan backing directly to Arizona State Trust land with no rear neighbors. The interior features an open living/dining layout and a functional kitchen with electric appliances, a pantry, and solid cabinet and counter space. The primary suite is split from secondary bedrooms and includes a full bath with a walk-in closet. Low-maintenance backyard with gravel, concrete side walkways, a fire pit, and block fencing, leaving open space for future additions or storage. Attached 2-car garage with coated flooring. Quick access to Highway 79 and Hunt Highway for a straight drive into Queen Creek. Seller offering up to a $7,000 credit at closing toward a brand-new HVAC system so the buyer can choose their preferred equipment and warranty package.

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 $51,718. 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 feet1,541
Property typeSingle Family
MLS #7077498
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)
$1,071/mo
Source est. payment (PITI)
$1,507/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$51,718

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

$0$51,718
Additional funds needed$0

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