Properties / 6550 E STAR VALLEY Street
FHA ASSUMABLERate: 3.6%

6550 E STAR VALLEY Street

$509,900
Mesa, AZ 85215
3 beds2 baths2,031 sqftSingle Family
The assumable advantage
3.6%
FHA assumed rate
$90,154 interest already paid off
Estimated Loan Balance$214,669
Cash to close$296,450
Est. Monthly PITI$1,809
Initial Loan Amount$275,488
Time on site44 days
Remaining Term19 years, 10 months
Seller's equity (what you pay)
$295,231
Cash or secondary financing
Monthly savings
$1,744
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Welcome home to this beautifully updated single level residence on a desirable corner lot in Mesa. Soaring ceilings and an open split floor plan create a spacious inviting feel from the moment you walk inside. The eat in kitchen features a center island and opens to the great room with a cozy gas fireplace, making it perfect for everyday living and entertaining. Enjoy additional formal living and dining spaces complete with a wet bar. The spacious master suite offers dual vanities, a separate soaking tub and shower plus a large walk in closet. Both bathrooms have been tastefully updated while fresh interior and exterior paint, plus brand new carpet with upgraded padding make this home truly move in ready. Enjoy mountain views and sparkling city lights from this exceptional property.

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 $295,231. 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 feet2,031
Property typeSingle Family
MLS #7059865
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)
$1,263/mo
Source est. payment (PITI)
$1,809/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$295,231

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

$0$295,231
Additional funds needed$0

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