Properties / 9637 E OLLA Avenue
FHA ASSUMABLERate: 7.07%

9637 E OLLA Avenue

$549,900
Mesa, AZ 85212
3 beds2 baths2,308 sqftSingle Family
The assumable advantage
7.07%
FHA assumed rate
$105,736 interest already paid off
Estimated Loan Balance$510,070
Cash to close$44,776
Est. Monthly PITI$4,036
Initial Loan Amount$520,400
Time on site50 days
Remaining Term27 years, 2 months
Seller's equity (what you pay)
$39,830
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

Former model home! Spacious and very open floor plan. Single level home with 3 bedrooms and a library/ office. Gorgeous pool with water feature. This home has been well taken care of, with a long covered front patio, and covered back patio as well. Inside, the vaulted ceilings add even more of a spacious feeling to the family room and living room. The kitchen has a multitude of cabinets, no storage shortage here! Kitchen appliances, including a gas cook top range and oven. You will love the size of the walk in pantry with glass accent door. Living room has a gas fireplace, so pretty! All of the bedrooms are oversized from the normal. The main bedroom is so large, with double door entry and separate exit to back yard.

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 $39,830. 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 feet2,308
Property typeSingle Family
MLS #6916198
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$3,524/mo
Source est. payment (PITI)
$4,036/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$39,830

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

$0$39,830
Additional funds needed$0

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