Properties / 9253 E MONTE Avenue
FHA ASSUMABLERate: 4.42%

9253 E MONTE Avenue

$459,990
Mesa, AZ 85209
4 beds2 baths1,924 sqftSingle Family
The assumable advantage
4.42%
FHA assumed rate
$75,127 interest already paid off
Estimated Loan Balance$377,206
Cash to close$82,784
Est. Monthly PITI$2,629
Initial Loan Amount$407,000
Time on site8 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$82,784
Cash or secondary financing
Monthly savings
$667
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Seller offering a buyer concession toward closing costs or a rate buy-down with an acceptable offer! Move-in ready single-story 4-bedroom home in Augusta Ranch with a fully finished backyard, double gate, and fresh interior and exterior paint. The split floor plan offers privacy and flexibility, while the low-maintenance backyard with turf and an expansive paver patio is ready for entertaining from day one. Conveniently located near the neighborhood park, Augusta Ranch Golf Club, shopping, dining, and easy access to the US-60 and Loop 202.

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 $82,784. 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 feet1,924
Property typeSingle Family
MLS #7074337
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)
$2,046/mo
Source est. payment (PITI)
$2,629/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$82,784

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

$0$82,784
Additional funds needed$0

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