Properties / 7488 N PALOMA Vista
FHA ASSUMABLERate: 6.73%

7488 N PALOMA Vista

$345,900
Payson, AZ 85541
3 beds2 baths1,480 sqftSingle Family
The assumable advantage
6.73%
FHA assumed rate
$24,078 interest already paid off
Estimated Loan Balance$184,035
Cash to close$161,865
Est. Monthly PITI$1,655
Initial Loan Amount$189,458
Time on site21 days
Remaining Term23 years, 2 months
Seller's equity (what you pay)
$161,865
Cash or secondary financing
Monthly savings
$731
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Welcome to this beautifully renovated home nestled in a peaceful, tree-filled lot in Payson. Surrounded by mature trees and located in a quiet neighborhood, this property offers the perfect blend of comfort, privacy, and mountain charm. Recently added new flooring throughout and a new roof provide peace of mind. The spacious floor plan offers three comfortable bedrooms and two 3/4 bathrooms, making it ideal for families, guests, or a vacation retreat. Added space includes a large loft that could be an extra bedroom space, office, or den. Let your imagination run wild. Relax and enjoy the fresh mountain air from the inviting front porch, perfect for morning coffee or evening sunsets. The oversized 24' x 24' two-car garage provides ample space for vehicles, storage, or a workshop and featur features the added convenience of a half bath.

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 $161,865. 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
Bathrooms2
Square feet1,480
Property typeSingle Family
MLS #7069893
CountyMaricopa County
Assumable loanFHA
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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
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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)
$1,309/mo
Source est. payment (PITI)
$1,655/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$161,865

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

$0$161,865
Additional funds needed$0

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