Properties / 6399 N LAKE SHORE Drive
FHA ASSUMABLERate: 7.44%

6399 N LAKE SHORE Drive

$369,990
Casa Grande, AZ 85194
4 beds2 baths1,152 sqftSingle Family
The assumable advantage
7.44%
FHA assumed rate
$63,874 interest already paid off
Estimated Loan Balance$318,524
Cash to close$52,050
Est. Monthly PITI$2,610
Initial Loan Amount$325,986
Time on site50 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$51,466
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

Rare opportunity on *1.495* acres in Casa Grande! Beautifully renovated 4 bed, 2 bath horse property minutes from the freeway, shopping and restaurants. Best part: the groundwork to expand is already done. Seller invested thousands in a sealed topographical survey, FEMA Elevation Certificate, engineered grading & drainage plan, stem wall foundation plans, and a site plan for a 660 sq ft second dwelling with setbacks, 200-amp electric, water and septic. Zoned GR, Pinal County; buyer to verify. A huge head start toward a guest house, casita or rental income! Plus 2-car garage, detached workshop, carport, circular drive, new RV-friendly fencing, granite, white shaker cabinets, renovated baths, fresh paint and a newer roof with transferable warranty. Low taxes, nearly 1.5 usable acres!

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 $51,466. 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 feet1,152
Property typeSingle Family
MLS #7044866
CountyMaricopa County
Assumable loanFHA
Tour this home
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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
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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)
$2,272/mo
Source est. payment (PITI)
$2,610/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$51,466

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

$0$51,466
Additional funds needed$0

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