Properties / 3995 N Eloy Road
FHA ASSUMABLERate: 2.74%

3995 N Eloy Road

$194,900
Golden Valley, AZ 86413
4 beds3 baths2,298 sqftSingle Family
The assumable advantage
2.74%
FHA assumed rate
$23,429 interest already paid off
Estimated Loan Balance$145,850
Cash to close$49,735
Est. Monthly PITI$1,005
Initial Loan Amount$165,612
Time on site36 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$49,050
Cash or secondary financing
Monthly savings
$469
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Welcome to 3995 Eloy Rd! This home sits on just over 2 acres and features a generous amount of living space to call your home. Home is 4 bedrooms, with 3 bathrooms and also has a solar system included keeping your electric bill affordable.

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 $49,050. 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 feet2,298
Property typeSingle Family
MLS #040000
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)
$680/mo
Source est. payment (PITI)
$1,005/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$49,050

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

$0$49,050
Additional funds needed$0

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