Properties / 714 S WILLIAMS
FHA ASSUMABLERate: 2.73%

714 S WILLIAMS

$415,000
Mesa, AZ 85204
3 beds3 baths1,511 sqftSingle Family
The assumable advantage
2.73%
FHA assumed rate
$43,256 interest already paid off
Estimated Loan Balance$282,873
Cash to close$132,788
Est. Monthly PITI$1,763
Initial Loan Amount$320,512
Time on site18 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$132,127
Cash or secondary financing
Monthly savings
$1,136
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Come cool off in this energy efficient home with block construction, newer vinyl windows, and a refreshing pool that you don't have to share with your neighbors! NO HOA! You will find a large and open kitchen with upgraded appliances, ample storage, and a view of the backyard. Kitchen opens to both the front room, large dinning room, and bonus game room for entertaining and a modern feel. Three large bedrooms and three full baths are a huge plus with a fire pit, bbq space, and shade out back to compliment the pool. 2 car carport with space to park 6 cars behind a gate along with an RV gate on the side. Don't miss this house, it's likely to be the one who got away if you don't act quick!

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 $132,127. 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
Bathrooms3
Square feet1,511
Property typeSingle Family
MLS #7070623
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)
$1,311/mo
Source est. payment (PITI)
$1,763/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$132,127

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

$0$132,127
Additional funds needed$0

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