Properties / 948 E WILEY Way
FHA ASSUMABLERate: 4.72%

948 E WILEY Way

$329,000
Casa Grande, AZ 85122
4 beds2 baths1,540 sqftSingle Family
The assumable advantage
4.72%
FHA assumed rate
$66,550 interest already paid off
Estimated Loan Balance$314,007
Cash to close$15,510
Est. Monthly PITI$2,285
Initial Loan Amount$336,996
Time on site14 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$14,993
Cash or secondary financing
Monthly savings
$182
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome to your new home on E Wiley Way! This 4 bedroom 2 bath 1540 sqft home is loaded with upgrades to make your daily life feel like a vacation stay! Features of this home include light colored tile flooring throughout living areas, quartz countertops in the kitchen and bathrooms, reverse osmosis system, beautiful kitchen with backsplash, stainless steel appliances, outdoor patio with turf area for pets, washer and dryer ready for use! Home is centrally located for short drives to all major amenities. Community parks and walking paths nearby!

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 $14,993. 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
Bathrooms2
Square feet1,540
Property typeSingle Family
MLS #7072042
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)
$1,758/mo
Source est. payment (PITI)
$2,285/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$14,993

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

$0$14,993
Additional funds needed$0

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