Properties / 646 S 37TH Street
FHA ASSUMABLERate: 5.41%

646 S 37TH Street

$449,900
Mesa, AZ 85206
3 beds2 baths1,620 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$66,770 interest already paid off
Estimated Loan Balance$300,732
Cash to close$150,460
Est. Monthly PITI$2,288
Initial Loan Amount$317,460
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$149,168
Cash or secondary financing
Monthly savings
$858
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Welcome to this beautifully updated 3-bed, 2-bath home with a dedicated office, offering the perfect blend of comfort, style & functionality. Filled with natural light & featuring an open, inviting floor plan, this home is ideal for both everyday living & entertaining. The recently remodeled kitchen is the centerpiece of the home, complemented by fully remodeled bathrooms, updated flooring, new attic insulation, a new water heater & a new A/C unit for added peace of mind. Step outside to a huge backyard featuring low-maintenance synthetic turf, a custom-built BBQ grill perfect for entertaining & an 8' x 12' storage shed for extra storage. Whether you're hosting family gatherings or simply enjoying the outdoor space, this backyard is ready for it all. Conveniently located near shopping, grocery stores, restaurants, parks & other everyday amenities, this move-in-ready home combines modern upgrades, a fantastic layout & an unbeatable location. Don't miss this incredible opportunity!

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 $149,168. 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 feet1,620
Property typeSingle Family
MLS #7039749
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)
$1,795/mo
Source est. payment (PITI)
$2,288/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$149,168

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

$0$149,168
Additional funds needed$0

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