Properties / 9415 E STENO Avenue
FHA ASSUMABLERate: 4.75%

9415 E STENO Avenue

$469,000
Mesa, AZ 85212
3 beds2 baths1,566 sqftSingle Family
The assumable advantage
4.75%
FHA assumed rate
$16,171 interest already paid off
Estimated Loan Balance$407,229
Cash to close$62,302
Est. Monthly PITI$2,680
Initial Loan Amount$410,891
Time on site50 days
Remaining Term29 years, 3 months
Seller's equity (what you pay)
$61,771
Cash or secondary financing
Monthly savings
$617
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

This great east Mesa family home has a 3-bedroom, 2 bath functional open space floorplan utilizing a highly efficient use of space. for relaxed living. Large center door in living room expands the living space to the back patio. Three large bedrooms in this home make for a perfect option of utilizing one as a home office. The builder selected the Harmony Premium Palette for this home with quartz countertops in the kitchen and beautiful tile. Gas range. This home is built for comfort and energy efficiency! Complete front yard landscaping with maintenance included in the HOA fee. Seller has had pavers installed in backyard creating a nice, finished touch. Don't miss this beautiful, well cared for home!

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 $61,771. 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 feet1,566
Property typeSingle Family
MLS #7056201
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)
$2,149/mo
Source est. payment (PITI)
$2,680/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$61,771

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

$0$61,771
Additional funds needed$0

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