Properties / 981 W HUDSON Way
FHA ASSUMABLERate: 6.77%

981 W HUDSON Way

$449,000
Gilbert, AZ 85233
3 beds2 baths1,377 sqftSingle Family
The assumable advantage
6.77%
FHA assumed rate
$857 interest already paid off
Estimated Loan Balance$12,575
Cash to close$436,425
Est. Monthly PITI$363
Initial Loan Amount$12,745
Time on site8 days
Remaining Term25 years
Seller's equity (what you pay)
$436,425
Cash or secondary financing
Monthly savings
$2,561
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

Perfect blend of location, price and potential in Gilbert! This 3 bed 2 bath home has a functional, well laid out floor plan nestled within Cooper Ranch. With versatile living spaces and vaulted ceilings, plenty of natural light floods throughout. The kitchen features a gas range with ample counter and cabinet space. There is plenty of room for an island! Plantation shutters add character, and recessed lighting and ceiling fans are found throughout. Step outside to your private backyard with a PebbleTec pool, extended covered patio, dog run and low maintenance landscaping. Mature, lush trees beyond the rear yard provide a green backdrop and added privacy without the upkeep. OWNED Solar! North/south exposure is another Arizona bonus! With solid bones and plenty of opportunity to customize over time, this home is a great option for a first-time buyer, investor or anyone looking to make a home their own. A hard to find combination in Gilbert!

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 $436,425. 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 feet1,377
Property typeSingle Family
MLS #7073053
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)
$87/mo
Source est. payment (PITI)
$363/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$436,425

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

$0$436,425
Additional funds needed$0

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