Properties / 1610 N STAPLEY Drive
FHA ASSUMABLERate: 6.23%

1610 N STAPLEY Drive

$340,000
Mesa, AZ 85203
2 beds2 baths1,354 sqftSingle Family
The assumable advantage
6.23%
FHA assumed rate
$11,183 interest already paid off
Estimated Loan Balance$268,924
Cash to close$71,304
Est. Monthly PITI$1,958
Initial Loan Amount$270,048
Time on site23 days
Remaining Term31 years, 5 months
Seller's equity (what you pay)
$71,076
Cash or secondary financing
Monthly savings
$378
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Tucked into the quiet and rarely available Stapley Court North, this beautifully maintained single-level patio home offers a wonderful balance of privacy, comfort, and easy living. With just 12 homes in the community, the setting feels intimate and tucked away while remaining close to everything the East Valley has to offer. Inside, the open floor plan feels bright and spacious, enhanced by vaulted ceilings, abundant natural light, and a welcoming living room centered around a cozy fireplace. The kitchen flows naturally into the main living spaces, creating an inviting environment for both everyday life and entertaining. Major updates have already been taken care of, including new windows in 2022, a brand-new A/C system installed approximately one year ago, and a new roof completed just a few months ago. The second bathroom has also been refreshed with a new shower and tub, adding to the home's move-in-ready appeal. The private backyard offers a peaceful extension of the living space, with a covered patio and room for gardening, outdoor dining, or simply enjoying Arizona's beautiful weather. Community amenities include a sparkling pool and professionally maintained grounds, making this an ideal lock-and-leave property for full-time or seasonal living. The location is equally appealing, with convenient access to the Loop 202 and US-60, as well as Mesa Riverview, Tempe Marketplace, shopping, dining, parks, and spring training venues. Whether you're searching for your first home, a winter escape, or an easy-to-maintain place to call home, this corner-lot residence offers a rare combination of recent major updates, a private setting, and effortless East Valley living.

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 $71,076. 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 feet1,354
Property typeSingle Family
MLS #7068546
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)
$1,627/mo
Source est. payment (PITI)
$1,958/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$71,076

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

$0$71,076
Additional funds needed$0

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