Properties / 2313 E OBREGON Street
FHA ASSUMABLERate: 6.9%

2313 E OBREGON Street

$420,000
Tempe, AZ 85288
3 beds2 baths1,366 sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$83,035 interest already paid off
Estimated Loan Balance$315,528
Cash to close$106,204
Est. Monthly PITI$2,627
Initial Loan Amount$327,458
Time on site50 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$104,472
Cash or secondary financing
Monthly savings
$306
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Welcome to this 3-bedroom, 2-bath home in the heart of Tempe, offering 1,366 sq ft of comfortable living on an expansive large lot-with no HOA. Ideally located near the Loop 101, this home provides convenient access to shopping, dining, and entertainment. Step inside to an inviting open kitchen layout, perfect for everyday living and entertaining. The home features new interior doors, newer interior paint, and select upgraded kitchen cabinets, giving the space a fresh and updated feel while still offering room to make it your own. The oversized lot offers endless possibilities whether you envision creating an outdoor oasis, adding a pool, or simply enjoying the extra space. Enjoy being just minutes from local favorites like The Chuckbox, Postino Annex, and Culinary Dropout, as well as n as nearby event venues such as Tempe Beach Park and Tempe Center for the Arts. Whether you're a first-time buyer, investor, or looking for a centrally located home with flexibility, this property is a fantastic opportunity in a prime Tempe location.

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 $104,472. 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 feet1,366
Property typeSingle Family
MLS #7012413
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)
$2,171/mo
Source est. payment (PITI)
$2,627/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$104,472

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

$0$104,472
Additional funds needed$0

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