Properties / 2300 E MAGMA Road
FHA ASSUMABLERate: 3.07%

2300 E MAGMA Road

$255,000
San Tan Valley, AZ 85143
3 beds2 baths1,157 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$35,238 interest already paid off
Estimated Loan Balance$229,866
Cash to close$26,122
Est. Monthly PITI$1,472
Initial Loan Amount$254,308
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$25,134
Cash or secondary financing
Monthly savings
$415
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Location, lifestyle, and incredible value. Gorgeous and move-in ready, this home offers a peaceful San Tan Valley setting with quick access to shopping, dining, and all the amenities of both San Tan Valley and Queen Creek. An open floor plan creates a bright and inviting living space, while newer stainless steel kitchen appliances and a 2024 HVAC system add peace of mind. Nestled in the popular Superstition Views community, with a pool and generous green space. Don't miss this rare opportunity to own a beautiful home in this fantastic location.

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 $25,134. 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 feet1,157
Property typeSingle Family
MLS #7049849
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)
$1,089/mo
Source est. payment (PITI)
$1,472/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$25,134

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

$0$25,134
Additional funds needed$0

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