Properties / 10903 E QUADE Avenue
FHA ASSUMABLERate: 4.46%

10903 E QUADE Avenue

$524,900
Mesa, AZ 85212
3 beds3 baths2,341 sqftSingle Family
The assumable advantage
4.46%
FHA assumed rate
$81,237 interest already paid off
Estimated Loan Balance$227,002
Cash to close$297,898
Est. Monthly PITI$1,856
Initial Loan Amount$262,718
Time on site15 days
Remaining Term22 years, 8 months
Seller's equity (what you pay)
$297,898
Cash or secondary financing
Monthly savings
$1,768
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Fantastic two-story home awaits you here in Highland Ridge! Offering 3 beds, 2 baths + powder room, 2.5-car garage, and manicured landscape. The inviting interior features abundant natural light, neutral palette, and carpet & tile flooring throughout. You'll love the seamlessly flowing layout, making entertaining a bliss! The eat-in kitchen boasts built-in appliances, recessed & pendant lights, a walk-in pantry, ample wood cabinetry w/crown molding, and an island w/breakfast bar. For added functionality, this gem comes with a versatile den downstairs and a large loft upstairs. The sizable main bedroom has an ensuite with dual sinks & a walk-in closet. Check out the spacious backyard with a covered patio, extended pavers, lush lawn, and an additional seating area! 1% lender incentive

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 $297,898. 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
Bathrooms3
Square feet2,341
Property typeSingle Family
MLS #7072202
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)
$1,328/mo
Source est. payment (PITI)
$1,856/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$297,898

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

$0$297,898
Additional funds needed$0

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