Properties / 6610 E UNIVERSITY Drive
FHA ASSUMABLERate: 6.65%

6610 E UNIVERSITY Drive

$275,000
Mesa, AZ 85205
2 beds2 baths1,024 sqftSingle Family
The assumable advantage
6.65%
FHA assumed rate
$1,458 interest already paid off
Estimated Loan Balance$16,322
Cash to close$258,678
Est. Monthly PITI$335
Initial Loan Amount$16,569
Time on site10 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$258,678
Cash or secondary financing
Monthly savings
$1,513
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Recent upgrades include fresh paint (2022), new blinds (2023), all-new ceiling fans and lighting (2023), and window tints (2025), plus an insulated garage attic for added efficiency. Tucked inside a desirable gated community, this well-maintained home offers privacy, comfort, and low HOA fees. The split floorplan creates inviting living spaces with a peaceful atmosphere throughout. A standout feature is the private backyard, backing to a wash for extra privacy, with a covered patio, fountain, and fire pit adding even more separation and a quiet, secluded feel. Ideally situated near shopping, dining, and freeway access, this home is part of a clean, well-kept community with a community pool, delivering low-maintenance living in a secure, sought-after setting.

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 $258,678. 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 feet1,024
Property typeSingle Family
MLS #7074021
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)
$109/mo
Source est. payment (PITI)
$335/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$258,678

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

$0$258,678
Additional funds needed$0

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