Properties / 1342 W MENDOZA Avenue
FHA ASSUMABLERate: 8.06%

1342 W MENDOZA Avenue

$550,000
Mesa, AZ 85202
3 beds2 baths2,078 sqftSingle Family
The assumable advantage
8.06%
FHA assumed rate
$162,487 interest already paid off
Estimated Loan Balance$2,848
Cash to close$546,452
Est. Monthly PITI$1,093
Initial Loan Amount$98,100
Time on site0 days
Remaining Term4 months
Seller's equity (what you pay)
$547,152
Cash or secondary financing
Monthly savings
$2,520
Versus today's market rate
Est. savings per year
$30K
Versus today's market rate

About this home

Completely remodeled in 2026! This move in ready single level home is located in the highly sought after Dobson Ranch community and features three bedrooms, two bathrooms, a spacious Arizona room, a two car garage and an oversized 10,106 square foot lot. The extensive renovation included the roof, HVAC system, electrical wiring, plumbing, flooring, kitchen, and bathrooms. The bright, open floor plan is filled with natural light and showcases fresh neutral paint, recessed lighting and new wood look LVP flooring throughout the main living areas. A spacious living room with a wood burning fireplace flows seamlessly into the dining area and beautifully updated kitchen. The kitchen features quartz countertops, an oversized island, brand new soft close cabinetry, new stainless steel appliances and plenty of space for everyday dining and entertaining. The primary suite offers a large bedroom, a generous closet and a remodeled bathroom with a quartz topped vanity and tiled shower with a frameless glass enclosure. Two additional bedrooms and a fully updated guest bathroom provide comfortable accommodations and flexibility for a home office or hobby space. A light filled Arizona room overlooks the expansive backyard, creating additional space for relaxing or entertaining. The oversized backyard features mature landscaping, a grassy area, multiple patio spaces and plenty of room to personalize. Additional highlights include new spray foam insulation throughout the home, custom ceiling fans, new dual-pane windows, Cat6 wiring, and an inside laundry area with the washer and dryer included. Dobson Ranch offers scenic lakes, golf, pickleball, tennis, racquetball, fitness facilities, community pools and spas, recreation centers, playgrounds and biking paths, all conveniently located near shopping, dining, entertainment and major freeways.

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 $547,152. 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 feet2,078
Property typeSingle Family
MLS #7080180
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)
$724/mo
Source est. payment (PITI)
$1,093/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$547,152

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

$0$547,152
Additional funds needed$0

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