Properties / 1802 N Center Avenue
FHA ASSUMABLERate: 6.5%

1802 N Center Avenue

$323,000
Casa Grande, AZ 85122
3 beds3 baths1,853 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$35,159 interest already paid off
Estimated Loan Balance$292,298
Cash to close$31,002
Est. Monthly PITI$2,247
Initial Loan Amount$297,972
Time on site50 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$30,702
Cash or secondary financing
Monthly savings
$18
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

NO HOA! Welcome to this spacious 1,863 sq.ft., 3-BD+Den, 2.5 BA corner-lot home that backs to a lush green park! Walk in to the great room with soaring vaulted ceiling featuring a cozy fireplace, french doors leading to rear patio, and a formal dining area.Master BD includes a patio exit, and a bath with a walk-in shower, dual sinks, and double closets. Laundry and powder room located by the breakfast nook. Eat in kitchen includes white cabinets, granite tiled counters, breakfast bar, wall oven, built in microwave, electric range/oven and dishwasher. Upstairs bedrooms and den also feature vaulted ceilings. One bedroom is oversized with 2 closets, while the other offers walk-in closet. Desert garden backyard w/ mature trees and covered patios in both front and back yards.

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 $30,702. 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
Bathrooms3
Square feet1,853
Property typeSingle Family
MLS #6935028
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)
$1,887/mo
Source est. payment (PITI)
$2,247/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$30,702

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

$0$30,702
Additional funds needed$0

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