Properties / 578 W Racine Loop
FHA ASSUMABLERate: 6.5%

578 W Racine Loop

$350,000
Casa Grande, AZ 85122
3 beds2 baths2,177 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$34,270 interest already paid off
Estimated Loan Balance$330,742
Cash to close$19,588
Est. Monthly PITI$2,570
Initial Loan Amount$335,802
Time on site50 days
Remaining Term28 years, 6 months
Seller's equity (what you pay)
$19,258
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Motivated Seller! A desirable single-level 4-bedroom home offering comfort, flexibility, and Arizona living at its best. This spacious floor plan features a private pool, perfect for relaxing or entertaining, and a large formal dining room that can easily be transformed into a game room, media space, or additional living area to fit your lifestyle. The fourth bedroom offers a great opportunity to customize--ideal as a home office, guest room, or flex space, with room to add a closet and install doors. With endless potential, functional layout, and sought-after features, this home is a fantastic opportunity for buyers seeking space, versatility, and value.

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 $19,258. 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 feet2,177
Property typeSingle Family
MLS #7013099
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)
$2,127/mo
Source est. payment (PITI)
$2,570/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$19,258

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

$0$19,258
Additional funds needed$0

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