Properties / 1250 S RIALTO Drive
FHA ASSUMABLERate: 6.5%

1250 S RIALTO Drive

$274,900
Mesa, AZ 85209
2 beds2 baths1,227 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$26,553 interest already paid off
Estimated Loan Balance$325,255
Cash to close$0
Est. Monthly PITI$2,450
Initial Loan Amount$328,932
Time on site37 days
Remaining Term28 years, 10 months
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

Welcome home to this beautifully maintained corner unit tucked away in a quiet location you'll love coming home to. Enjoy the added privacy of a corner lot, the convenience of an attached one car garage, and a short stroll to the community pool and spa. Ideally located in East Mesa, you'll have quick access to the freeway, shopping, dining, parks, and everyday conveniences while still enjoying the peaceful feel of the community. Whether you're looking for your first home, a low maintenance lifestyle, or the perfect lock and leave retreat, this charming townhouse is move in ready and waiting for its next owner.

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

Bedrooms2
Bathrooms2
Square feet1,227
Property typeSingle Family
MLS #7057405
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)
$2,083/mo
Source est. payment (PITI)
$2,450/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.