Properties / 3298 W GARNET Street
FHA ASSUMABLERate: 5.98%

3298 W GARNET Street

$550,000
San Tan Valley, AZ 85144
4 beds3 baths2,612 sqftSingle Family
The assumable advantage
5.98%
FHA assumed rate
$17,245 interest already paid off
Estimated Loan Balance$493,856
Cash to close$56,649
Est. Monthly PITI$3,396
Initial Loan Amount$495,853
Time on site44 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$56,144
Cash or secondary financing
Monthly savings
$271
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

PRICE IMPROVEMENT! Welcome home to this stunning nearly-new residence in the highly sought-after San Tan Valley community! This thoughtfully designed home boasts an open-concept great room with a chef's kitchen featuring crisp white cabinetry, a spacious island, RO system, gorgeous wood-look flooring throughout the first floor. Upstairs offers a versatile loft, laundry room, and a luxurious primary suite with dual vanities, walk-in shower, and expansive walk-in closet. Enjoy premium upgrades including a tankless water heater, whole-home water filtration system, and water softener with two dedicated hose bibs for effortless at home car washing! The backyard is a true blank slate, bring your vision to life. Wonderful community amenities.

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 $56,144. 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 feet2,612
Property typeSingle Family
MLS #7059943
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)
$2,973/mo
Source est. payment (PITI)
$3,396/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$56,144

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

$0$56,144
Additional funds needed$0

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