Properties / 2103 W PALOMINO Drive
FHA ASSUMABLERate: 6.95%

2103 W PALOMINO Drive

$649,900
Chandler, AZ 85224
5 beds3 baths1,983 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$182,017 interest already paid off
Estimated Loan Balance$51,239
Cash to close$601,782
Est. Monthly PITI$1,295
Initial Loan Amount$138,040
Time on site50 days
Remaining Term5 years, 2 months
Seller's equity (what you pay)
$598,661
Cash or secondary financing
Monthly savings
$2,847
Versus today's market rate
Est. savings per year
$34K
Versus today's market rate

About this home

Need space? This is one of the most affordable 5 bedroom, 3 bathroom opportunities with a pool and a spa that you'll find in Chandler with No HOA! Located in the desirable Tierra Dobson community, this unique single-level home offers a flexible floor plan designed to accommodate a variety of living situations. Two permitted additions have expanded the home to nearly 2,000 SqFt, making it ideal for multigenerational households, larger families, remote work, hobbies, or guests. The interior has been thoughtfully updated with tile flooring throughout, remodeled bathrooms, updated lighting, shutters on the windows, and a refreshed kitchen featuring quality cabinetry, granite countertops, tile backsplash, stainless appliances, and generous pantry storage. Outside, the backyard offers a private pool, elevated spa, covered patio, and a blank canvas for buyers looking to personalize their outdoor space. With major system updates already completed and a location close to schools, shopping, dining, and freeway access, this home presents a rare opportunity to secure size, flexibility, and value in one of Chandler's most established neighborhoods.

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 $598,661. 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

Bedrooms5
Bathrooms3
Square feet1,983
Property typeSingle Family
MLS #7004535
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)
$986/mo
Source est. payment (PITI)
$1,295/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$598,661

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

$0$598,661
Additional funds needed$0

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