Properties / 510 S 83RD Place
FHA ASSUMABLERate: 6.69%

510 S 83RD Place

$275,000
Mesa, AZ 85208
2 beds2 baths1,162 sqftSingle Family
The assumable advantage
6.69%
FHA assumed rate
$25,039 interest already paid off
Estimated Loan Balance$212,273
Cash to close$62,935
Est. Monthly PITI$1,714
Initial Loan Amount$215,822
Time on site35 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$62,727
Cash or secondary financing
Monthly savings
$228
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Fountain of the Sun, one of east Mesa's premiere 55+ golf communities. Gated community with guard shack entry; always something to do with a very active social calendar featuring pickleball, yoga, shuffleboard, art classes, card rooms, and more. Home has a great open layout with vaulted ceilings making the sq ft seem much larger than it is, sitting on an oversized lot in a very quiet cul-de-sac. Lots of upgrades recently completed makes the space even more inviting and functional. Newer flooring throughout, granite countertops, newer AC and ductwork, brand new water heater and whole house water filter just installed, large storage shed, and more. Lots of value here at this price point, come take a look!

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 $62,727. 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
Bathrooms2
Square feet1,162
Property typeSingle Family
MLS #7063763
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)
$1,394/mo
Source est. payment (PITI)
$1,714/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$62,727

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

$0$62,727
Additional funds needed$0

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