Properties / 6959 S WILSON Drive
FHA ASSUMABLERate: 6.35%

6959 S WILSON Drive

$499,999
Chandler, AZ 85249
3 beds2 baths1,837 sqftSingle Family
The assumable advantage
6.35%
FHA assumed rate
$98,846 interest already paid off
Estimated Loan Balance$482,894
Cash to close$17,666
Est. Monthly PITI$3,685
Initial Loan Amount$500,762
Time on site30 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$17,105
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Nestled on a quarter acre lot in sought-after South Chandler, this stunning single-level 3-bedroom, 2 bath home offers the perfect blend of modern updates and timeless charm. An open and bright floor plan will enchant as you welcome yourself into the front foyer meeting the great room, kitchen and dining. The chef's kitchen boasts SS appliances, pantry, quartz counters, mosaic tile backsplash, rich cabinetry, breakfast bar, and breakfast room. Escape to the luxurious primary retreat with sitting area. This al fresco retreat is an idyllic backdrop for intimate gatherings or grand-scale entertaining with views of the San Tan Mountains. Covered patio, well-laid pavers, & artificial turf complete the picture. Quick access to freeways for easy commuting. World-class shopping, restaurants, museums, and nightlife right outside your doorstep! Quick access to the I10 and 202 freeways for easy commuting.

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 $17,105. 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 feet1,837
Property typeSingle Family
MLS #7065509
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)
$3,123/mo
Source est. payment (PITI)
$3,685/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$17,105

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

$0$17,105
Additional funds needed$0

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