Properties / 24299 N COTTON Road
FHA ASSUMABLERate: 2.87%

24299 N COTTON Road

$437,000
Florence, AZ 85132
4 beds2 baths2,357 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$47,479 interest already paid off
Estimated Loan Balance$318,085
Cash to close$120,342
Est. Monthly PITI$2,052
Initial Loan Amount$355,405
Time on site47 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$118,915
Cash or secondary financing
Monthly savings
$1,093
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Move-in ready in Crestfield Manor at Arizona Farms Village, Florence, AZ. This open-concept home is built for easy living: a great room that flows into dining and kitchen, a walk-in pantry, and a flexible Den for whatever you need -- office, playroom, hobby space. Smart features like surround sound pre-wiring, security system, video doorbell, and room sensors add everyday peace of mind. Out back, a spacious yard with mountain views is a blank canvas -- pool, outdoor kitchen, garden, or just a quiet patio to unwind. All close to parks, schools, shopping, and commuter routes. Come see it for yourself!

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 $118,915. 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
Bathrooms2
Square feet2,357
Property typeSingle Family
MLS #7047998
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)
$1,484/mo
Source est. payment (PITI)
$2,052/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$118,915

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

$0$118,915
Additional funds needed$0

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