Properties / 1168 E AVENIDA ELLENA
FHA ASSUMABLERate: 3.45%

1168 E AVENIDA ELLENA

$325,000
Casa Grande, AZ 85122
4 beds3 baths2,008 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$45,243 interest already paid off
Estimated Loan Balance$269,996
Cash to close$57,710
Est. Monthly PITI$1,763
Initial Loan Amount$294,566
Time on site50 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$55,004
Cash or secondary financing
Monthly savings
$586
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Interest rate buy down available! 4 bedroom, 3 bath and NO HOA in Casa Grande! Spacious w/lots of natural light, split & open floor plan, 2 master bedrooms each w/ a 3/4 bath. The smaller master/studio has it's own exterior door. Well-appointed kitchen is complete with recessed lighting, ample cabinetry, spacious counters, & island across from a wood burning fireplace. Sizable laundry room has attached cabinets. Backyard has artificial grass & a relaxing pool on a larger lot. The important stuff is all newer! Garage door in 2025, new large pane window in 2025, 2 newer HVACs & newer water heater, termite treatment late 2025, rebuilt pool sand filter in 2025, garbage disposal is less than a year old. Close to major roads, schools, and easy access to the I-10 Fwy. Thanks for looking! Seller is sad to let this go after all the love, time, and money poured into it, but an out of state job offer too good to refuse came up. Make their loss your gain! The one year 1% rate buy down is a lender paid incentive, ask for more details.

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 $55,004. 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
Bathrooms3
Square feet2,008
Property typeSingle Family
MLS #7000761
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)
$1,331/mo
Source est. payment (PITI)
$1,763/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$55,004

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

$0$55,004
Additional funds needed$0

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