Properties / 525 W 13TH Place
FHA ASSUMABLERate: 6.09%

525 W 13TH Place

$235,400
Casa Grande, AZ 85122
3 beds2 baths1,369 sqftSingle Family
The assumable advantage
6.09%
FHA assumed rate
$32,917 interest already paid off
Estimated Loan Balance$267,145
Cash to close$0
Est. Monthly PITI$2,166
Initial Loan Amount$274,928
Time on site50 days
Remaining Term23 years, 1 month
Seller's equity (what you pay)
$0
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

APPROVED SHORT SALE Charming 3-bedroom, 2-bath home in a central Casa Grande location with no HOA! This newer-built home features an open floor plan, neutral colors throughout, tile plank flooring in the main living areas, carpet in the bedrooms, and granite countertops in the kitchen. Conveniently located near shopping, dining, schools, and everyday amenities.

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 $0. 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 feet1,369
Property typeSingle Family
MLS #7043011
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)
$1,798/mo
Source est. payment (PITI)
$2,166/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.