Properties / 1600 N SABA Street
FHA ASSUMABLERate: 3.76%

1600 N SABA Street

$315,000
Chandler, AZ 85225
2 beds3 baths1,122 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$40,447 interest already paid off
Estimated Loan Balance$87,570
Cash to close$227,430
Est. Monthly PITI$814
Initial Loan Amount$114,000
Time on site2 days
Remaining Term19 years, 5 months
Seller's equity (what you pay)
$227,430
Cash or secondary financing
Monthly savings
$1,328
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Exterior charm like 1600 N Saba in Chandler, AZ is where a house becomes a home, specifically unit 132 featuring 2 beds, 2.5 bathrooms, and beautiful upgrades throughout!! When you enter, you're attention is captured by the light wood-look LVP throughout, natural light, and tastefully upgraded 1/2 bath downstairs. Upstairs both bathrooms have been updated to continue the bright and airy feel the home provides. Both bedrooms feature the neutral and stunning LVP. Upstairs laundry is conveniently located between both bedrooms. Seller has carefully updated many areas in the home: 2024- All Flooring, Vanity's / shower/ tub / toilets, whole interior paint, NEW water heater + main water line piping and in 2025 - NEW WINDOWS, blinds + fans. No detail has been overlooked! Outdoors you can enjoy Arizonas sunsets in your private courtyard, spacious enough for seating or a patio table. You'll find private storage out back with a gate leading to your dedicated carport parking spot. Your home is conveniently located near the community pool, just minutes away from downtown Chandler, freeways (loop 202, 60, and 101). This location is a highly desired prime area of Chandler and move in ready for you!

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 $227,430. 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
Bathrooms3
Square feet1,122
Property typeSingle Family
MLS #7077375
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)
$530/mo
Source est. payment (PITI)
$814/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$227,430

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

$0$227,430
Additional funds needed$0

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