Properties / 2498 S BETTY Street
FHA ASSUMABLERate: 6.82%

2498 S BETTY Street

$549,999
Gilbert, AZ 85295
3 beds3 baths2,185 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$84,131 interest already paid off
Estimated Loan Balance$522,957
Cash to close$27,566
Est. Monthly PITI$4,072
Initial Loan Amount$535,128
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$27,042
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

Situated directly across from a beautiful community park in the heart of Cooley Station, this 3-bedroom plus den and upstairs loft, 2.5-bath Gilbert gem puts green space, fresh air, and room to breathe literally steps from your front door. The entire home is a blank canvas ready to make it your very own. Built in 2021 and thoughtfully maintained, the open-concept floor plan flows exactly the way a family home should -- a generous great room, upgraded kitchen, and a low-maintenance backyard with new turf made for Gilbert evenings under the stars. Then step outside the front door. Fry's Marketplace is a short walk for your morning coffee or weekly grocery run. Verde at Cooley Station is right around the corner -- Hash Kitchen for lazy Sunday brunch, The Brass Tap for Friday nights, live music on The Green, boutique shopping, and fitness studios. Walkable. Vibrant. Genuinely one of Gilbert's most exciting neighborhoods.

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 $27,042. 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 feet2,185
Property typeSingle Family
MLS #7056008
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)
$3,503/mo
Source est. payment (PITI)
$4,072/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$27,042

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

$0$27,042
Additional funds needed$0

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