Properties / 2024 S BALDWIN
FHA ASSUMABLERate: 6.88%

2024 S BALDWIN

$375,000
Mesa, AZ 85209
2 beds3 baths1,132 sqftSingle Family
The assumable advantage
6.88%
FHA assumed rate
$48,739 interest already paid off
Estimated Loan Balance$336,590
Cash to close$38,739
Est. Monthly PITI$2,634
Initial Loan Amount$343,660
Time on site16 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$38,410
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 to easy, worry-free living in this beautifully remodeled 2-bedroom, 2.5-bathroom townhome in East Mesa! Nearly every detail has been thoughtfully updated, creating a sleek, modern home that is truly move-in ready. The stylish kitchen features a striking white-and-black design, upgraded appliance package, black subway tile backsplash, and soft-close cabinetry. LVP flooring flows throughout the entire two-story home with no carpet anywhere! All bathrooms have been tastefully updated, complemented by fresh paint and modern light fixtures throughout. The custom laundry nook offers added storage with built-in cabinetry, and the washer and dryer convey. Step outside to a clean, low-maintenance patio featuring an extended paver area and fresh green turf, perfect for relaxing or entertaining without the upkeep. A recently replaced roof adds even more peace of mind, while the home has been meticulously cleaned from top to bottom. Enjoy an exceptional community lifestyle with a resort-style pool, parks and access to Augusta Ranch Golf Course. Plus, you'll love the convenient East Mesa location with easy freeway access, close proximity to Mesa Gateway Airport, and an abundance of shopping, dining, and entertainment nearby. Beautifully updated, low-maintenance and ideally located, this is the one you've been waiting for!

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 $38,410. 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

Bedrooms2
Bathrooms3
Square feet1,132
Property typeSingle Family
MLS #7067870
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)
$2,263/mo
Source est. payment (PITI)
$2,634/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$38,410

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

$0$38,410
Additional funds needed$0

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