Properties / 1249 E SILVER REEF Drive
FHA ASSUMABLERate: 6.11%

1249 E SILVER REEF Drive

$389,000
Casa Grande, AZ 85122
4 beds3 baths2,040 sqftSingle Family
The assumable advantage
6.11%
FHA assumed rate
$40,672 interest already paid off
Estimated Loan Balance$169,763
Cash to close$219,884
Est. Monthly PITI$1,537
Initial Loan Amount$177,859
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$219,237
Cash or secondary financing
Monthly savings
$1,210
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

This stunning home featuring 4 beds, 3 baths with a den, & a 3 car garage is located in the beautiful community of Cottonwood Ranch! Ideally situated with convenient access to schools, shopping, and dining, this beautifully designed home offers both comfort & functionality. The spacious secondary bedrooms & bathrooms are thoughtfully separated from the private primary suite, providing added privacy. A versatile den offers endless possibilities as a home office, media room, or additional living space. The luxurious primary retreat features dual walk in closets with built in cabinetry, spa-inspired bath with a walk in shower & easy access to the nearby laundry room. The open concept great room is bright & inviting, highlighted by elegant center-meet sliding doors that seamlessly connect the indoor & outdoor living spaces. The stylish kitchen is both spacious & sophisticated, showcasing sleek black cabinetry, stunning white quartz countertops & generous center island with a breakfast bar, perfect for casual dining and entertaining. The spacious backyard is ready for you to make into your own private oasis! No neighbors to the West as the house is beautifully located next to the greenbelt.

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 $219,237. 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
Bathrooms3
Square feet2,040
Property typeSingle Family
MLS #7045869
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,084/mo
Source est. payment (PITI)
$1,537/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$219,237

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

$0$219,237
Additional funds needed$0

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