Properties / 2049 E SHETLAND Drive
FHA ASSUMABLERate: 5.98%

2049 E SHETLAND Drive

$354,990
San Tan Valley, AZ 85140
3 beds2 baths1,381 sqftSingle Family
The assumable advantage
5.98%
FHA assumed rate
$9,641 interest already paid off
Estimated Loan Balance$322,598
Cash to close$33,375
Est. Monthly PITI$2,312
Initial Loan Amount$323,246
Time on site50 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$32,392
Cash or secondary financing
Monthly savings
$151
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Beautifully updated 3-bedroom, 2-bath home offering 1,381 sq ft of comfortable living space. This move-in-ready home features new wood-look flooring throughout the main living areas and new carpet in the bedrooms and living room. The kitchen has been refreshed with matching appliances and a large single-basin sink, providing both style and functionality. The spacious primary suite includes a full bath and ample closet space. Step outside to a low-maintenance backyard featuring pavers and artificial turf, perfect for relaxing or entertaining. Conveniently located near parks, shopping, dining, and schools. Don't miss this opportunity!

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 $32,392. 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

Bedrooms3
Bathrooms2
Square feet1,381
Property typeSingle Family
MLS #7046638
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)
$1,942/mo
Source est. payment (PITI)
$2,312/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$32,392

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

$0$32,392
Additional funds needed$0

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