Properties / 42132 W MANDERAS Lane
FHA ASSUMABLERate: 2.98%

42132 W MANDERAS Lane

$350,000
Maricopa, AZ 85138
4 beds3 baths2,210 sqftSingle Family
The assumable advantage
2.98%
FHA assumed rate
$52,047 interest already paid off
Estimated Loan Balance$324,324
Cash to close$26,399
Est. Monthly PITI$2,160
Initial Loan Amount$363,298
Time on site39 days
Remaining Term25 years
Seller's equity (what you pay)
$25,676
Cash or secondary financing
Monthly savings
$529
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Very Motivated seller, Listed well below actual Value. Beautiful 2018 Home, sits on a cul de sac on a very desirable lot with amazing mountain views with no side neighbors guaranteeing privacy. This 4 bed, 3 bath home features an open concept, with a spacious kitchen, large island and a full Mother-In-Law Suite complete with its own entrance, kitchenette, living area, bedroom, and bath. Owner has included fresh interior paint, professionally cleaned, and move-in ready. The home has a large driveway that can easily accommodate 4 additional parking spots in addition to your 2-car garage. This home comes with all appliances. Just bring you luggage and furniture and start living. Solar panels installed on this home for energy efficiency. Come see your new home today.

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 $25,676. 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 feet2,210
Property typeSingle Family
MLS #7061758
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)
$1,535/mo
Source est. payment (PITI)
$2,160/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$25,676

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

$0$25,676
Additional funds needed$0

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