Properties / 843 W NIDO Avenue
FHA ASSUMABLERate: 6.64%

843 W NIDO Avenue

$584,900
Mesa, AZ 85210
3 beds3 baths2,670 sqftSingle Family
The assumable advantage
6.64%
FHA assumed rate
$43,153 interest already paid off
Estimated Loan Balance$484,938
Cash to close$100,426
Est. Monthly PITI$3,696
Initial Loan Amount$490,740
Time on site21 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$99,962
Cash or secondary financing
Monthly savings
$296
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Fall in love with this beautiful 2-story home near Dobson Ranch. NO HOA! Nestled on a desirable corner lot, this home features 3 beds, 2.5 baths + Office, easy-care front yard, RV gate, and 2-car garage w/epoxy floors. A formal living room welcomes you with vaulted ceilings, wood-look floors, & plush carpet in all the right places, flowing into formal dining/den space. The spacious family room is highlighted by a cozy fireplace and flows seamlessly into the eat-in kitchen. This impressive kitchen boasts recessed lighting, ample wood cabinetry & counters, SS appliances, & a breakfast nook w/bay window. Upstairs, a versatile loft w/closets can be a home office or guest room. The primary suite offers direct balcony access, his & hers closets, and a private bath w/dual sinks & a tiled shower. One secondary bedroom also includes a walk-in closet. Outside, the backyard is complete with a gazebo, built-in BBQ, covered & extended paver patio, 2 exterior fans with lighting, and outdoor mounted television, large grassy area, storage room and separate storage shed, raised garden, mature trees including citrus, and bushes. This home is ideal for relaxing and entertaining. With solid bones in a fantastic neighborhood. The large lot offers endless possibilities for outdoor living. New Luxury Vinyl Plank flooring and 4 inch baseboards throughout, New plush carpeting, Owned solar, Newer Appliances, New roof in 2022 and previously updated windows with extra insulation throughout. This home really has it ALL! Enjoy this convenient Mesa location near shopping, dining, parks & golf, with easy access to US-60 and the 101. Tremendous Value and Priced to Sell FAST!!!

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 $99,962. 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 feet2,670
Property typeSingle Family
MLS #7069667
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)
$3,153/mo
Source est. payment (PITI)
$3,696/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$99,962

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

$0$99,962
Additional funds needed$0

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