Properties / 10826 E AZALEA Avenue
FHA ASSUMABLERate: 2.72%

10826 E AZALEA Avenue

$399,999
Mesa, AZ 85208
4 beds3 baths1,948 sqftSingle Family
The assumable advantage
2.72%
FHA assumed rate
$35,365 interest already paid off
Estimated Loan Balance$213,118
Cash to close$186,881
Est. Monthly PITI$1,418
Initial Loan Amount$244,983
Time on site1 day
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$186,881
Cash or secondary financing
Monthly savings
$1,360
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

This beautifully updated 4-bedroom, 2.5-bath home sits on an oversized corner lot and features fresh interior paint, new carpet throughout and stylish grey-toned ceramic tile downstairs. The spacious floor plan offers an open great room and kitchen, huge loft, large laundry room, and primary suite with full bath, dual sinks and walk-in closet. Enjoy Arizona living in the low-maintenance desert-landscaped backyard, complete with a large above-ground swimming pool and covered patio, perfect for relaxing or entertaining. Ideally located near the Superstition Mountains, hiking trails, Salt River, lakes and mountain views, with easy access to the greenbelt, shopping, dining and major freeways. Move-in ready, spacious and packed with features, this Mesa home is a must-see!

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 $186,881. 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

Bedrooms4
Bathrooms3
Square feet1,948
Property typeSingle Family
MLS #7078460
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)
$999/mo
Source est. payment (PITI)
$1,418/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$186,881

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

$0$186,881
Additional funds needed$0

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