Properties / 930 N MESA Drive
FHA ASSUMABLERate: 6.92%

930 N MESA Drive

$225,000
Mesa, AZ 85201
2 beds2 baths1,000 sqftSingle Family
The assumable advantage
6.92%
FHA assumed rate
$36,420 interest already paid off
Estimated Loan Balance$251,504
Cash to close$0
Est. Monthly PITI$1,996
Initial Loan Amount$255,290
Time on site50 days
Remaining Term28 years
Seller's equity (what you pay)
$0
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

APPROVED SHORT SALE. Great opportunity to own a 2-bedroom, 2-bath condo in a convenient Mesa location near shopping, dining, and entertainment with easy access to the 202 freeway. The interior has been recently painted and features vaulted ceilings, a fireplace, and an updated guest bathroom. The spacious primary suite includes dual closets, and the private balcony/patio offers western sunset views along with an exterior storage closet. The HOA covers many utilities, providing a low-maintenance lifestyle. Located close to Historic Downtown Mesa and the Sloan Park & Hohokam Stadium spring training facilities. Perfect for a primary residence, seasonal home, or investment opportunity.

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 $0. 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

Bedrooms2
Bathrooms2
Square feet1,000
Property typeSingle Family
MLS #6981313
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)
$1,696/mo
Source est. payment (PITI)
$1,996/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.