Properties / 35266 W Santa Barbara Avenue
FHA ASSUMABLERate: 6.85%

35266 W Santa Barbara Avenue

$344,900
Maricopa, AZ 85138
5 beds3 baths2,031 sqftSingle Family
The assumable advantage
6.85%
FHA assumed rate
$916 interest already paid off
Estimated Loan Balance$12,270
Cash to close$332,630
Est. Monthly PITI$409
Initial Loan Amount$12,421
Time on site11 days
Remaining Term26 years
Seller's equity (what you pay)
$332,630
Cash or secondary financing
Monthly savings
$1,950
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

This is a beautiful like new home from K HOVNANIAN in Tortosa! This home features 5-bedrooms and 3-bathrooms. Soon as you walk in you are greeted with an abundance of natural lighting from the foyer to the patio. Two bedrooms and a full bathroom are opposite of the primary bedrooms offering privacy for your in home office or teen rooms. Enjoy cooking in your beautiful granite top kitchen that offers upgraded appliances including a GAS stove! Surrounded by only single story homes for added privacy when enjoying your backyard. Short Sale - Subject to lender approval. All offers are subject to lender approval.

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 $332,630. 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

Bedrooms5
Bathrooms3
Square feet2,031
Property typeSingle Family
MLS #7073401
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)
$84/mo
Source est. payment (PITI)
$409/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$332,630

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

$0$332,630
Additional funds needed$0

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