Properties / 2529 S 305TH Avenue
FHA ASSUMABLERate: 2.84%

2529 S 305TH Avenue

$400,000
Buckeye, AZ 85326
3 beds2 baths1,820 sqftSingle Family
The assumable advantage
2.84%
FHA assumed rate
$39,586 interest already paid off
Estimated Loan Balance$274,111
Cash to close$128,331
Est. Monthly PITI$1,764
Initial Loan Amount$304,385
Time on site50 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$125,889
Cash or secondary financing
Monthly savings
$1,088
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Beautifully maintained 3 bed, 2 bath Cavo home on over a full acre with no HOA and stunning mountain views! This spacious open floor plan features vaulted ceilings, an eat-in kitchen with island, abundant cabinet space and warm finishes throughout. Enjoy energy savings with solar, private well and septic. Plenty of room for RV's, toys, horses and workshops. Endless possibilities for outdoor living and country style enjoyment. Convenient Buckeye location with easy access to I-10 while offering peace, privacy and wide open Arizona living! Don't miss this rare opportunity to own over an acre of Arizona freedom with limitless potential to make it your own!

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 $125,889. 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 feet1,820
Property typeSingle Family
MLS #7032996
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,271/mo
Source est. payment (PITI)
$1,764/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$125,889

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

$0$125,889
Additional funds needed$0

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