Properties / 2124 E 3RD Drive
FHA ASSUMABLERate: 2.94%

2124 E 3RD Drive

$535,000
Mesa, AZ 85204
4 beds3 baths2,054 sqftSingle Family
The assumable advantage
2.94%
FHA assumed rate
$54,101 interest already paid off
Estimated Loan Balance$291,819
Cash to close$246,576
Est. Monthly PITI$1,926
Initial Loan Amount$332,368
Time on site50 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$243,181
Cash or secondary financing
Monthly savings
$1,745
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Owned solar, a brand new roof, new plumbing, and updated electrical, NO HOA & private pool set the stage for this fully renovated, like new Mesa home. Featuring 4 bedrooms, 3 bathrooms, a 2-car garage w/ large storage space & RV gate, the interior shines with updated wood-look flooring, modern finishes, and a beautiful kitchen with white cabinetry, granite counters and stainless steel appliances. All bathrooms have been tastefully upgraded, and the spacious primary suite offers a private retreat. Step outside to your own backyard oasis with a covered patio and sparkling private pool--perfect for entertaining. Move-in ready with all the major updates already done!

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 $243,181. 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 feet2,054
Property typeSingle Family
MLS #7008527
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)
$1,410/mo
Source est. payment (PITI)
$1,926/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$243,181

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

$0$243,181
Additional funds needed$0

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