Properties / 1170 E MEADOWRIDGE Drive
FHA ASSUMABLERate: 5.52%

1170 E MEADOWRIDGE Drive

$434,900
Casa Grande, AZ 85122
4 beds3 baths2,560 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$97,517 interest already paid off
Estimated Loan Balance$422,743
Cash to close$15,127
Est. Monthly PITI$3,192
Initial Loan Amount$445,178
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$12,157
Cash or secondary financing
Monthly savings
$10
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this like new single-level home situated on a desirable corner lot in the Arroyo Grande subdivision! Built in 2021, this residence features an impressive upgrade package that sets it apart from the rest. Step into a spacious hallway that leads to a bright and airy great room, complete with sliding doors that connect indoor and outdoor living spaces. The interior boasts durable tile flooring, recessed lighting, and a neutral color palette throughout. The gourmet kitchen features an island with a breakfast bar, elegant white cabinets, a pantry, stunning granite countertops, and built-in appliances, including double ovens. Retreat to the split main suite, which offers a luxurious bathroom with dual sinks, a glass-enclosed shower with seating and Walk in Closet. You'll also appreciate the cozy carpeted den, perfect for relaxation or a home office. The laundry room includes convenient cabinets and a utility sink for added functionality. Step outside to the generously sized back yard with covered patio perfect for entertaining and a spot for the RV!

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 $12,157. 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

Bedrooms4
Bathrooms3
Square feet2,560
Property typeSingle Family
MLS #7014710
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)
$2,555/mo
Source est. payment (PITI)
$3,192/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$12,157

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

$0$12,157
Additional funds needed$0

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