Properties / 1546 E FLOWER Circle
FHA ASSUMABLERate: 6.89%

1546 E FLOWER Circle

$490,000
Mesa, AZ 85204
4 beds2 baths1,714 sqftSingle Family
The assumable advantage
6.89%
FHA assumed rate
$42,831 interest already paid off
Estimated Loan Balance$436,069
Cash to close$54,335
Est. Monthly PITI$3,361
Initial Loan Amount$441,849
Time on site22 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$53,931
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 FIND - FULLY FUNCTIONAL CASITA WITH SEPARATE ENTRANCE! This gorgeous 4-bedroom, 2-bathroom home is filled with character, charm, and incredible versatility. A standout feature is the fully functional casita with its own separate entrance, offering fantastic potential for guests, multigenerational living, a private home office, or additional flexible living space. The main home also features a brand-new A/C, providing added comfort and peace of mind. Inside, terracotta floors throughout and an original fireplace add warmth and historic charm. The updated kitchen features stainless steel appliances, butcher block countertops, and a tiled backsplash. The primary suite provides a relaxing retreat with a private en-suite bathroom. The additional three bedrooms offer plenty of space for family, guests, or a home office. Outside, enjoy a beautifully landscaped yard with mature citrus trees, a work shed, and a patio perfect for entertaining. Conveniently located just a short drive from multiple schools, parks, shopping, entertainment, restaurants, and more, this home offers a rare combination of classic charm, modern updates, brand-new A/C, and the added bonus of a separate casita!

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 $53,931. 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 feet1,714
Property typeSingle Family
MLS #7068065
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)
$2,912/mo
Source est. payment (PITI)
$3,361/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$53,931

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

$0$53,931
Additional funds needed$0

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