Properties / 5470 E ROBERTS Drive
FHA ASSUMABLERate: 6.57%

5470 E ROBERTS Drive

$254,900
Globe, AZ 85501
3 beds2 baths1,344 sqftSingle Family
The assumable advantage
6.57%
FHA assumed rate
$45,474 interest already paid off
Estimated Loan Balance$214,382
Cash to close$40,277
Est. Monthly PITI$1,727
Initial Loan Amount$222,495
Time on site5 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$40,518
Cash or secondary financing
Monthly savings
$86
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

This Charming 3 bedroom, 2 bath home with walk in closets, located in Globe This home offers a light & bright floor plan. The entry, main traffic areas, & kitchen with new vinyl flooring & the bedrooms are softened with carpeting. The spacious living room flows into the dining area. The sizeable yard has excellent space to make it your own, Add a garden? Swing set for kids? Covered RV parking with ample parking space for your cars & toys. Beautiful Mountain views. Don't miss this delightful home with all it has to offer!

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 $40,518. 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 feet1,344
Property typeSingle Family
MLS #7076716
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)
$1,417/mo
Source est. payment (PITI)
$1,727/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$40,518

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

$0$40,518
Additional funds needed$0

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