Properties / 1137 S BRICE
FHA ASSUMABLERate: 4.66%

1137 S BRICE

$365,000
Mesa, AZ 85208
3 beds2 baths1,166 sqftSingle Family
The assumable advantage
4.66%
FHA assumed rate
$69,118 interest already paid off
Estimated Loan Balance$166,387
Cash to close$198,613
Est. Monthly PITI$1,389
Initial Loan Amount$195,395
Time on site7 days
Remaining Term21 years, 11 months
Seller's equity (what you pay)
$198,613
Cash or secondary financing
Monthly savings
$1,142
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Discover the perfect opportunity for a first-time homebuyer or renter ready to enjoy more space and the freedom of a private yard! This well maintained 3-bedroom, 2-bath Mesa home offers a functional floor plan, 2 car garage, and low-maintenance rock and gravel landscaping in both the front and backyard. Enjoy added peace of mind with a newer 2025 AC unit. Ideally located near the Apache Junction border, this home provides convenient access to local shopping, schools, and the US-60. With continued growth and development anticipated in the surrounding area, this location offers both convenience and future potential. A fantastic opportunity to make homeownership a reality!

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 $198,613. 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 feet1,166
Property typeSingle Family
MLS #7075372
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)
$1,011/mo
Source est. payment (PITI)
$1,389/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$198,613

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

$0$198,613
Additional funds needed$0

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