Properties / 5735 E MCDOWELL Road
FHA ASSUMABLERate: 6.78%

5735 E MCDOWELL Road

$209,900
Mesa, AZ 85215
1 beds1 baths800 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$20,180 interest already paid off
Estimated Loan Balance$177,185
Cash to close$32,886
Est. Monthly PITI$1,446
Initial Loan Amount$180,097
Time on site9 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$32,715
Cash or secondary financing
Monthly savings
$64
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to your dream retreat in a premier 55+ gated community where you own the land! FHA and VA approved with an Affidavit of Affixture on file for easy financing, this move-in ready home features an open floor plan with wood flooring throughout, brand-new countertops, and newer appliances--including a brand-new 2025 washer and dryer. Major updates include a brand-new roof and a large storage room alongside an attached workshop. Enjoy the fully heated/cooled Arizona room year-round, while the outside offers a relaxing patio and extra parking. Resort-style amenities include a heated pool/spa, pickleball, tennis, putting green, billiards, and an active clubhouse. Prime location near golf, hiking, shopping, dining, medical centers, US-60, and Loop 202.

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 $32,715. 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

Bedrooms1
Bathrooms1
Square feet800
Property typeSingle Family
MLS #7071905
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)
$1,174/mo
Source est. payment (PITI)
$1,446/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$32,715

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

$0$32,715
Additional funds needed$0

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