Properties / 500 N GILA SPRINGS Boulevard
FHA ASSUMABLERate: 4.88%

500 N GILA SPRINGS Boulevard

$255,000
Chandler, AZ 85226
2 beds1 baths910 sqftSingle Family
The assumable advantage
4.88%
FHA assumed rate
$40,559 interest already paid off
Estimated Loan Balance$226,097
Cash to close$29,590
Est. Monthly PITI$1,640
Initial Loan Amount$238,450
Time on site50 days
Remaining Term26 years, 6 months
Seller's equity (what you pay)
$28,903
Cash or secondary financing
Monthly savings
$236
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome home to this immaculate top-story townhome nestled in a beautiful master-planned community with an unbeatable location! Featuring 2 bedrooms, 1.5 bathrooms, and an inviting open-concept floor plan, this move-in-ready home offers comfort, style, and convenience. Step inside to discover new flooring throughout, soaring vaulted ceilings, and abundant natural light. The kitchen is designed for both everyday living and entertaining, featuring granite countertops, a breakfast bar, a stainless-steel sink, and newer appliances. The spacious layout creates a warm and welcoming atmosphere, while the private outdoor patio includes additional storage for added convenience. You'll also appreciate the covered parking space located just steps from your front door. Enjoy resort-style living with community amenities that include a sparkling pool and heated spa, perfect for relaxing year-round. Conveniently located near shopping, dining, parks, and freeway access, this home offers the ideal combination of low-maintenance living and an exceptional location.

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 $28,903. 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

Bedrooms2
Bathrooms1
Square feet910
Property typeSingle Family
MLS #7053406
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)
$1,268/mo
Source est. payment (PITI)
$1,640/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$28,903

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

$0$28,903
Additional funds needed$0

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