Properties / 1975 E ALOE Place
FHA ASSUMABLERate: 4.19%

1975 E ALOE Place

$475,000
Chandler, AZ 85286
3 beds2 baths1,557 sqftSingle Family
The assumable advantage
4.19%
FHA assumed rate
$86,901 interest already paid off
Estimated Loan Balance$148,129
Cash to close$326,421
Est. Monthly PITI$1,423
Initial Loan Amount$198,341
Time on site1 day
Remaining Term18 years, 3 months
Seller's equity (what you pay)
$326,871
Cash or secondary financing
Monthly savings
$1,832
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

You will love this beautiful 3-bedroom home in Chandler's desirable Saguaro Canyon subdivision! The popular split floor plan offers a bright, open layout with plenty of space for everyday living and entertaining. The kitchen opens to the spacious great room, creating a comfortable gathering space for family and friends. Generously sized bedrooms provide plenty of flexibility, while the primary suite offers a private retreat from the rest of the home. Step outside to a fantastic backyard with a large grass area and covered patio with great space for entertaining. With the combination of indoor living space, an inviting backyard and a fantastic Chandler location close to shopping, dining, parks and more, this is a home you won't want to miss!

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 $326,871. 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 feet1,557
Property typeSingle Family
MLS #7072190
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)
$969/mo
Source est. payment (PITI)
$1,423/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$326,871

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

$0$326,871
Additional funds needed$0

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