Properties / 1839 E ANCHOR Drive
FHA ASSUMABLERate: 2.83%

1839 E ANCHOR Drive

$530,000
Gilbert, AZ 85234
2 beds2 baths1,581 sqftSingle Family
The assumable advantage
2.83%
FHA assumed rate
$35,954 interest already paid off
Estimated Loan Balance$209,968
Cash to close$321,015
Est. Monthly PITI$1,467
Initial Loan Amount$239,112
Time on site50 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$320,032
Cash or secondary financing
Monthly savings
$2,133
Versus today's market rate
Est. savings per year
$26K
Versus today's market rate

About this home

Enjoy resort living in Val Vista Lakes with a lagoon beach pool, Jr. Olympic pool, tennis, pickleball, gym. Bring your buyers to this resort style home to enjoy that pool life just in time for those hot summer days & nights! This is a one family-owned home with updates and upgrades along the way! new flooring a few years ago, updated kitchen, newer roof and skylights, additional blown in insulation, bright living/dining area. Family room offers a cozy fireplace & Kitchen boasts granite counters, SS appliances, updated island. Water filtration (2023), pool equipment (2021), water softener & water heater. 2-50 gallon tanks to heat the spa/pool. Great home close to freeways, restuarants, and shopping.

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 $320,032. 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

Bedrooms2
Bathrooms2
Square feet1,581
Property typeSingle Family
MLS #7048651
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$993/mo
Source est. payment (PITI)
$1,467/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$320,032

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

$0$320,032
Additional funds needed$0

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