Properties / 2350 N ADAIR
FHA ASSUMABLERate: 3.61%

2350 N ADAIR

$525,000
Mesa, AZ 85207
3 beds2 baths1,523 sqftSingle Family
The assumable advantage
3.61%
FHA assumed rate
$78,542 interest already paid off
Estimated Loan Balance$184,698
Cash to close$341,355
Est. Monthly PITI$1,586
Initial Loan Amount$237,616
Time on site50 days
Remaining Term19 years, 9 months
Seller's equity (what you pay)
$340,302
Cash or secondary financing
Monthly savings
$2,005
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

Nestled in the gated community of Boulder Mountain Highlands. Beautifully updated single-level home offers stunning mountain views, high desert scenery, and a highly sought-after Cholla open floor plan. The spacious great room features soaring ceilings and an open, inviting layout, creating the perfect setting for everyday living and entertaining. The kitchen was beautifully updated in 2020 with newer cabinets, countertops, and appliances. Bathrooms have also been refreshed with updated cabinetry and countertops, including a remodeled main bath shower in 2022 and a hall bath update in 2021 with new tub, walls, cabinet, and countertop and interior doors replaced. Major improvements include: Roof underlayment replaced '24, 2019 water heater, new Trane 2-stage HVAC system, 18 seer in '20 Full-house water filtration system, reverse osmosis system, new front door and screen door, new sliding glass door and screen, rescreened windows, gutters & more. The backyard was thoughtfully redesigned in 2022 with new turf, rock, plants, trees, and travertine patios, creating a low-maintenance outdoor retreat. A screened-in porch added in 2024 provides the perfect place to relax and enjoy Arizona living. Recent 2025 updates include wainscoting, crown molding, and fresh paint in 2025! Boulder Mountain Highlands is a stunning gated Mesa community known for its mountain views, wildlife, and peaceful high desert setting. Enjoy scenic neighborhood walks while still being close to freeway access, dining, shopping, and everyday conveniences.

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 $340,302. 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 feet1,523
Property typeSingle Family
MLS #7053118
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)
$1,091/mo
Source est. payment (PITI)
$1,586/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$340,302

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

$0$340,302
Additional funds needed$0

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