Properties / 7509 W MESCAL Street
FHA ASSUMABLERate: 4.03%

7509 W MESCAL Street

$475,000
Peoria, AZ 85345
4 beds2 baths1,877 sqftSingle Family
The assumable advantage
4.03%
FHA assumed rate
$19,783 interest already paid off
Estimated Loan Balance$45,379
Cash to close$429,739
Est. Monthly PITI$584
Initial Loan Amount$56,481
Time on site31 days
Remaining Term20 years, 5 months
Seller's equity (what you pay)
$429,621
Cash or secondary financing
Monthly savings
$2,529
Versus today's market rate
Est. savings per year
$30K
Versus today's market rate

About this home

Motivated Seller! No HOA & Oversized Lot! Located at the end of a quiet cul-de-sac, this beautifully maintained 4-bedroom, 2-bath home features an open floor plan, vaulted ceilings, formal living and dining areas, and a spacious kitchen with granite countertops, pendant lighting, and reverse osmosis. Fresh paint in the main living areas, hall bath, and 3 out of 4 bedrooms.The 13,591 sq. ft. lot offers plenty of room for RVs, boats, and toys, plus an extra-large RV gate and abundant parking. Enjoy the entertainer's backyard with a Pebble Sheen diving pool, in-floor cleaning system, 8-person detached spa, and built-in outdoor kitchen with water, electrical, and propane grill. Additional features include a 3-car garage with 220V outlet, soft water loop, and grandfathered WeLink internet. Move-in ready with space, privacy, and incredible outdoor amenities--don't miss this rare no-HOA opportunity! Life maintance on roof, with new shingle run by ac unit. July 2026 New facets in kitchen and master bath. 2025 New water cartridges in master shower and bath. 2025 New Microwave in 2024 New garbage disposal 2026 New RO tanks and filters 2026 Years ac maintance yearly (april) New sand filter 2025 New toilet in master 2025 Bidets in both bathrooms 2024 and 2025 New light fixtures in hall, entry and dining Aug 2026 New flooring in 2 bedrooms 2025 New paint in all but 3rd bedroom 2026 New spa motors in 2026

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 $429,621. 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 feet1,877
Property typeSingle Family
MLS #7064922
CountyMaricopa County
Assumable loanFHA
Tour this home
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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)
$272/mo
Source est. payment (PITI)
$584/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$429,621

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

$0$429,621
Additional funds needed$0

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