Properties / 35710 N 140TH Street
FHA ASSUMABLERate: 6.52%

35710 N 140TH Street

$1,249,800
Scottsdale, AZ 85262
4 beds4 baths3,518 sqftSingle Family
The assumable advantage
6.52%
FHA assumed rate
$9,242 interest already paid off
Estimated Loan Balance$567,510
Cash to close$682,801
Est. Monthly PITI$4,262
Initial Loan Amount$567,510
Time on site50 days
Remaining Term29 years, 10 months
Seller's equity (what you pay)
$682,290
Cash or secondary financing
Monthly savings
$3,769
Versus today's market rate
Est. savings per year
$45K
Versus today's market rate

About this home

Welcome to the Rio Verde lifestyle, where wide-open desert, mountain views, and peaceful Arizona mornings are part of everyday life. Set on over two acres with beautiful views toward Four Peaks, this 2019-built Scottsdale home was designed to take in the scenery. From the moment you arrive, the setting feels calm, open, and connected to the desert around it. Inside, high ceilings, warm natural light, and large glass doors create a bright, inviting feel throughout the main living spaces. The open great room flows easily into the dining area and modern kitchen, making the home feel comfortable, spacious, and easy to enjoy. Whether you are starting the day with coffee as the sun comes up over the mountains, relaxing in the evening, or having friends over for dinner, this home makes the view part of the experience. The main home offers 3,127 square feet with 3 bedrooms and 2.5 bathrooms, along with a separate 390-square-foot casita featuring its own bedroom and bathroom. The casita adds flexible space for guests, a private office, hobbies, or extended stays. And of utmost importance, Water! This home is ON A SHARED WELL with one other built home. 2 newer pumps with great water pressure! The home also features an Aquasana Whole House Filtration system with UV Light Treatment. Out back, the east-facing yard is set up to enjoy Arizona living with artificial turf, covered patio space, and open desert views beyond. The oversized three-car garage gives you room for vehicles, storage, and the gear that comes with an active desert lifestyle. Additional features include a full home filtration system, fire sprinkler system, and shared well with strong pressure. Located in the Rio Verde area of Scottsdale, this home offers the space, views, modern comfort, and relaxed desert feel that make this area so special.

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 $682,290. 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

Bedrooms4
Bathrooms4
Square feet3,518
Property typeSingle Family
MLS #7049405
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
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
Call

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)
$3,601/mo
Source est. payment (PITI)
$4,262/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$682,290

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

$0$682,290
Additional funds needed$0

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