Properties / 1997 E WETLEAF Place
FHA ASSUMABLERate: 6.26%

1997 E WETLEAF Place

$356,000
Casa Grande, AZ 85122
3 beds2 baths1,973 sqftSingle Family
The assumable advantage
6.26%
FHA assumed rate
$74,069 interest already paid off
Estimated Loan Balance$338,632
Cash to close$16,957
Est. Monthly PITI$2,664
Initial Loan Amount$353,479
Time on site3 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$17,368
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Incredibly close to I10 Fwy. Perfect for Commuters! This 3 bedroom 2 bath home also has Den that can be used as 4th bedroom. Open floor plan is perfect for cooking and family gatherings! Granite Counter tops, Dinning in the great room, with breakfast bar / island. Stainless Steel appliances include stove, dishwasher and microwave. Kitchen island also has Stainless Steel Sink with lots of storage. Oversize tinted windows throughout. Split master bedroom with Shower, double sinks and walk in closet. 3 Car Garage with electric door openers. Front landscaping and full rock Back yard with room for a swimming pool plus play area. This is a Short Sale, may take 45 +/-days to close but best deal in the neighborhood!

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 $17,368. 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 feet1,973
Property typeSingle Family
MLS #7077095
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)
$2,179/mo
Source est. payment (PITI)
$2,664/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$17,368

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

$0$17,368
Additional funds needed$0

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