Properties / 9903 E UNIVERSITY Drive
FHA ASSUMABLERate: 5.52%

9903 E UNIVERSITY Drive

$335,000
Mesa, AZ 85207
3 beds1 baths975 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$70,978 interest already paid off
Estimated Loan Balance$306,402
Cash to close$29,469
Est. Monthly PITI$2,295
Initial Loan Amount$324,022
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$28,598
Cash or secondary financing
Monthly savings
$124
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Charming 3-bedroom, 1-bath home on a spacious lot in a great Mesa location! This well-maintained property features tile flooring throughout for easy maintenance and a clean, updated look. The functional floor plan offers comfortable living spaces filled with natural light. Enjoy the large backyard with plenty of room for entertaining, gardening, storage, or future possibilities. The RV gate provides convenient access and extra space for RVs, trailers, boats, or additional vehicles. Located near schools, shopping, dining, parks, and freeway access. A great opportunity for first-time buyers, investors, or anyone looking for a home with space and convenience!

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 $28,598. 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
Bathrooms1
Square feet975
Property typeSingle Family
MLS #7045536
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)
$1,852/mo
Source est. payment (PITI)
$2,295/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$28,598

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

$0$28,598
Additional funds needed$0

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