Properties / 5325 W ALTA MESA Avenue
FHA ASSUMABLERate: 2.99%

5325 W ALTA MESA Avenue

$470,000
Laveen, AZ 85339
4 beds2 baths2,088 sqftSingle Family
The assumable advantage
2.99%
FHA assumed rate
$51,601 interest already paid off
Estimated Loan Balance$314,942
Cash to close$155,762
Est. Monthly PITI$2,173
Initial Loan Amount$353,513
Time on site28 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$155,058
Cash or secondary financing
Monthly savings
$1,277
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Welcome to this beautifully maintained 4-bedroom, 2-bath home offering low-maintenance living in a highly desirable location. The open floorplan features 9-foot ceilings, creating a bright and spacious setting ideal for everyday living and entertaining. All four bedrooms are generously sized, offering flexibility for family, guests, or a home office. Tile flooring is thoughtfully placed, and the bathrooms feature updated fixtures for a clean, modern feel. The garage includes abundant overhead storage, perfect for keeping belongings organized and out of the way. Enjoy a private, low-maintenance backyard with pavers, turf, and a cozy sitting area ideal for relaxing or entertaining without the upkeep of a traditional yard. Conveniently located with easy freeway access near schools, shopping, and dining, plus close proximity to an amazing Ranch featuring a farm-to-table restaurant. Community amenities include walking and biking paths and basketball courts. Move-in ready and beautifully maintained--this 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 $155,058. 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
Bathrooms2
Square feet2,088
Property typeSingle Family
MLS #7066622
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)
$1,495/mo
Source est. payment (PITI)
$2,173/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$155,058

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

$0$155,058
Additional funds needed$0

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