Properties / 525 N VAL VISTA Drive
FHA ASSUMABLERate: 3.16%

525 N VAL VISTA Drive

$495,000
Mesa, AZ 85213
3 beds2 baths1,735 sqftSingle Family
The assumable advantage
3.16%
FHA assumed rate
$54,943 interest already paid off
Estimated Loan Balance$270,279
Cash to close$225,961
Est. Monthly PITI$1,832
Initial Loan Amount$309,294
Time on site47 days
Remaining Term24 years
Seller's equity (what you pay)
$224,721
Cash or secondary financing
Monthly savings
$1,579
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Move-in ready 3 bedroom, 2 bathroom single-story home with a functional layout. The kitchen opens to the main living room, and a separate formal dining/living area offers additional space. Low-maintenance yard with plenty of room for entertaining. Washer and Dryer do not convey.

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 $224,721. 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 feet1,735
Property typeSingle Family
MLS #7058799
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)
$1,340/mo
Source est. payment (PITI)
$1,832/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$224,721

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

$0$224,721
Additional funds needed$0

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