Properties / 2961 W BONNIE Lane
FHA ASSUMABLERate: 4.65%

2961 W BONNIE Lane

$460,000
San Tan Valley, AZ 85144
3 beds2 baths1,792 sqftSingle Family
The assumable advantage
4.65%
FHA assumed rate
$47,816 interest already paid off
Estimated Loan Balance$234,968
Cash to close$225,847
Est. Monthly PITI$2,159
Initial Loan Amount$269,232
Time on site49 days
Remaining Term16 years
Seller's equity (what you pay)
$225,032
Cash or secondary financing
Monthly savings
$976
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Rare 2.3+ acre horse property, NO HOA! Live now in the 1,792sf, 3 bed, 2 bath double-wide manufactured home while you build your very own paradise. A workshop already on-site comes complete with insulation and electricity ready for your heart's desire. This wire-fenced lot with natural desert landscaping gives room a standard subdivision can't, plus space for RVs, trailers, toys, and more! Private well (1,100-gal tank) and propane support for flexible, independent living. Tucked off Hunt Hwy & Gary Rd in Chandler Heights Ranches, enjoy quiet country living and mountain views, minutes from shopping, dining, and Florence Unified schools. Acreage this close to the Phoenix metro with no HOA is hard to find! Endless possibilities for your next project! $10k flooring allowance with full offer.

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 $225,032. 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 feet1,792
Property typeSingle Family
MLS #7057808
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)
$1,737/mo
Source est. payment (PITI)
$2,159/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$225,032

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

$0$225,032
Additional funds needed$0

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