Properties / 41053 W PATRICIA Lane
FHA ASSUMABLERate: 3.82%

41053 W PATRICIA Lane

$384,900
Maricopa, AZ 85138
4 beds3 baths2,326 sqftSingle Family
The assumable advantage
3.82%
FHA assumed rate
$56,135 interest already paid off
Estimated Loan Balance$185,959
Cash to close$198,516
Est. Monthly PITI$1,509
Initial Loan Amount$217,979
Time on site4 days
Remaining Term22 years, 10 months
Seller's equity (what you pay)
$198,941
Cash or secondary financing
Monthly savings
$1,252
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Welcome home to this spacious 4-bedroom home in Maricopa's desirable Smith Farms community! Offering approximately 2,326 sq ft, this thoughtfully designed home features a versatile flex/office space, upstairs loft, and plenty of room to live, work and entertain. Situated on a corner lot, the backyard offers low-maintenance synthetic turf, perfect for relaxing or gathering with friends. A 2-car garage, community pool and convenient access to shopping, dining and everyday amenities complete the package. Come discover the space and flexibility this home has to offer!

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 $198,941. 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
Bathrooms3
Square feet2,326
Property typeSingle Family
MLS #7077000
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)
$1,018/mo
Source est. payment (PITI)
$1,509/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$198,941

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

$0$198,941
Additional funds needed$0

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