Properties / 225 N STANDAGE Road N
FHA ASSUMABLERate: 4.98%

225 N STANDAGE Road N

$348,000
Mesa, AZ 85201
3 beds3 baths1,340 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$68,375 interest already paid off
Estimated Loan Balance$312,994
Cash to close$35,986
Est. Monthly PITI$2,214
Initial Loan Amount$333,841
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$35,006
Cash or secondary financing
Monthly savings
$255
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

OWNER FINANCING!Beautifully townhome in the heart of Mesa offering the perfect blend of style, space, and convenience. This move-in ready 3-bedroom, 2.5-bathroom home features a spacious open layout, brand-new flooring throughout, bright living areas, and a private outdoor space perfect for relaxing or entertaining. Enjoy the ultimate convenience of two covered parking spaces directly behind the unit, plus access to premium community features including large grassy play areas, a sparkling pool, and available RV parking. Ideally located just minutes from premier shopping, dining, entertainment, ASU, and Cubs Spring Training, with rapid access to major freeways. With extensive community amenities covered by the HOA, this is an incredible, low-maintenance opportunity for primary homeowners.

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 $35,006. 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
Bathrooms3
Square feet1,340
Property typeSingle Family
MLS #7049566
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)
$1,797/mo
Source est. payment (PITI)
$2,214/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$35,006

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

$0$35,006
Additional funds needed$0

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