Properties / 5430 Maricopa Drive
FHA ASSUMABLERate: 2.96%

5430 Maricopa Drive

$425,000
Topock, AZ 86436
3 beds2 baths1,510 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$38,298 interest already paid off
Estimated Loan Balance$239,207
Cash to close$190,005
Est. Monthly PITI$1,622
Initial Loan Amount$265,109
Time on site36 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$185,793
Cash or secondary financing
Monthly savings
$1,372
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Incredible opportunity here! Move-in ready vacation/part-time Airbnb home is ready for immediate occupancy. That's right...move right in. This amazing home comes fully furnished and all the appliances stay with the home. Continue to use part time as a vacation home and/or rent it out when you're not here or make it your permanent place. Either way, it's a win for you! Parking and storage won't be a problem at this property. There's nearly 1700 SQUARE FEET OF GARAGE SPACE when you combine the two-car attached garage at just over 500 square feet and the 4-car detached garage at nearly 1200 square feet. An added bonus with the detached garage is that the doors are all 9 feet and one side is drive through (Side Bonus: Possible added living space in the detached garage...inquire for more info). In addition to that, because this lot is over a quarter acre, there's room to park trailers, RV's, and boats, or any combination thereof and with access in front of and behind the lot, moving vehicles in and out will be a cinch! The home is a 3 bedroom/2-bathroom home with tasteful upgrades throughout. The kitchen comes complete with granite counters, plenty of cabinet and storage space, and a full stainless steel appliance package. The flooring is relatively new and still in very good shape. You're also going to love the full length covered patio behind the house as it would make a great space to enjoy this amazing Arizona weather. Call your realtor today to see this home and property for yourself! You won't be disappointed!

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 $185,793. 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 feet1,510
Property typeSingle Family
MLS #035112
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$1,134/mo
Source est. payment (PITI)
$1,622/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$185,793

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

$0$185,793
Additional funds needed$0

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