Properties / 5750 S Inspiration Drive
FHA ASSUMABLERate: 6.63%

5750 S Inspiration Drive

$269,999
Globe, AZ 85501
3 beds2 baths1,046 sqftSingle Family
The assumable advantage
6.63%
FHA assumed rate
$25,667 interest already paid off
Estimated Loan Balance$257,505
Cash to close$13,975
Est. Monthly PITI$1,976
Initial Loan Amount$260,098
Time on site50 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$12,494
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

Explore this move-in ready, fully remodeled home. Sitting atop a hill, the home features panoramic mountain views. The interior boasts a sleek, modern design. Upgrades include brand-new stucco, new torched-down roof, & new HVAC. When you step inside, you're greeted by a spacious living area & a renovated kitchen w/ new cabinetry, quartz countertops, & stainless-steel appliances. The updated bathroom features a tile surround shower w/ new vanities and toilets. Additional upgrades include new windows, fencing, and an indoor laundry area for added convenience. The bright, open layout is enhanced by a new Arcadia door leading to the porch and freshly built steps for seamless indoor-outdoor living. Don't miss this chance to own this beautifully remodeled home with breathtaking views.

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 $12,494. 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 feet1,046
Property typeSingle Family
MLS #7009015
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)
$1,676/mo
Source est. payment (PITI)
$1,976/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$12,494

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

$0$12,494
Additional funds needed$0

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