Properties / 12008 W LARKSPUR Road
FHA ASSUMABLERate: 3.07%

12008 W LARKSPUR Road

$315,000
El Mirage, AZ 85335
2 beds2 baths956 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$40,140 interest already paid off
Estimated Loan Balance$267,395
Cash to close$49,890
Est. Monthly PITI$1,666
Initial Loan Amount$294,566
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$47,605
Cash or secondary financing
Monthly savings
$591
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

4.5% FHA ASSUMABLE LOAN! An incredible opportunity and rare financing advantage that makes this charming property stand out from the rest. Beautifully maintained 2 bedroom, 2 bathroom home with stunning hardwood floors throughout. The thoughtfully updated kitchen and bathrooms offer modern finishes making it move in ready. Both the front and backyard feature low maintenance landscaping plus a covered patio. Enjoy the benefits of solar with impressive monthly savings on electricity, helping keep your utility costs low year round. Conveniently located near schools, shopping, popular dining, parks and entertainment. Enjoy easy access to Loop 101 and US-60, making commuting a breeze.

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 $47,605. 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

Bedrooms2
Bathrooms2
Square feet956
Property typeSingle Family
MLS #7022760
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)
$1,267/mo
Source est. payment (PITI)
$1,666/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$47,605

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

$0$47,605
Additional funds needed$0

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