Properties / 3142 E RIDING BOOT Way
FHA ASSUMABLERate: 7.18%

3142 E RIDING BOOT Way

$384,990
San Tan Valley, AZ 85140
3 beds2 baths1,403 sqftSingle Family
The assumable advantage
7.18%
FHA assumed rate
$68,987 interest already paid off
Estimated Loan Balance$334,341
Cash to close$50,978
Est. Monthly PITI$2,750
Initial Loan Amount$343,904
Time on site25 days
Remaining Term27 years, 2 months
Seller's equity (what you pay)
$50,649
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Charming 3-bedroom, 2-bath home situated on desirable corner lot is ready for its next chapter. This thoughtfully designed home blends modern style with effortless, low-maintenance living. Step outside to well designed combination of pavers & real grass creating an inviting outdoor living space. Inside, the home delivers granite countertops, crisp white shaker cabinetry, stainless steel appliances, and stylish finishes throughout. Two-car garage sports outlet for electric vehicle. Designed around the way you want to live, this community offers a beautiful lake, meandering walking paths, scenic trails, and neighborhood parks. Enjoy easy access to Mesa Gateway Airport, East Valley's major freeways, Shopping & Restaurants. BETTER THAN NEW WITHOUT THE WAIT. Quick move-in available.

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 $50,649. 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 feet1,403
Property typeSingle Family
MLS #7067521
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)
$2,334/mo
Source est. payment (PITI)
$2,750/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$50,649

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

$0$50,649
Additional funds needed$0

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