Properties / 2286 E OMEGA Drive
FHA ASSUMABLERate: 6.5%

2286 E OMEGA Drive

$419,000
San Tan Valley, AZ 85143
5 beds3 baths2,772 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$43,351 interest already paid off
Estimated Loan Balance$397,263
Cash to close$22,137
Est. Monthly PITI$3,022
Initial Loan Amount$403,744
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$21,737
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

This exceptional home features an assumable loan, offering qualified buyers a unique opportunity. This lovely 5-bedroom home showcases a 3-car garage and tasteful stone accents for excellent curb appeal. Discover a serene living room with a soothing palette, blinds, and space for entertaining. The family room has soaring ceilings and abundant natural light. Culinary adventures await in the gourmet kitchen, equipped with custom counters, ample wood cabinetry with crown moulding, pendant/recessed lighting, a tile backsplash, stainless steel appliances, a pantry, and an island with a breakfast bar. The cozy main bedroom includes an ensuite with dual sinks and a walk-in closet. Enjoy quiet evenings in the backyard, offering a covered patio and plenty of space to make it your own!

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 $21,737. 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 feet2,772
Property typeSingle Family
MLS #7035025
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)
$2,557/mo
Source est. payment (PITI)
$3,022/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$21,737

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

$0$21,737
Additional funds needed$0

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