Properties / 1355 W TULIP Place
FHA ASSUMABLERate: 2.96%

1355 W TULIP Place

$204,000
Casa Grande, AZ 85122
3 beds2 baths1,093 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$24,823 interest already paid off
Estimated Loan Balance$155,716
Cash to close$51,688
Est. Monthly PITI$1,029
Initial Loan Amount$171,830
Time on site52 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$48,284
Cash or secondary financing
Monthly savings
$464
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

SOLAR PAID OFF WITH ACCEPTABLE OFFER. BANK APPROVED PRICE! Fantastic opportunity to own this charming single-level home in Casa Grande! Nestled on a fully fenced corner lot, it offers a carport parking w/extended driveway. Be greeted by a formal living room, perfect for receiving guests! Abundant natural light, designer paint, and wood-look flooring throughout are some features that can't be left unsaid. The eat-in kitchen boasts SS elec range and wood cabinetry for ample storage. Featuring 3 beds & 2 baths, this home is excellent for anyone looking to enjoy easy and low-maintenance living. The spacious backyard provides a storage shed & open patio!

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 $48,284. 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 feet1,093
Property typeSingle Family
MLS #6936875
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)
$739/mo
Source est. payment (PITI)
$1,029/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$48,284

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

$0$48,284
Additional funds needed$0

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