Properties / 742 E PEPPER Drive
FHA ASSUMABLERate: 2.9%

742 E PEPPER Drive

$235,000
Casa Grande, AZ 85122
3 beds3 baths1,609 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$30,658 interest already paid off
Estimated Loan Balance$207,539
Cash to close$28,841
Est. Monthly PITI$1,318
Initial Loan Amount$230,743
Time on site50 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$27,461
Cash or secondary financing
Monthly savings
$417
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Home, sweet home in Casa Grande Townhomes! This inviting residence features a semi-open floor plan with a spacious living room highlighted by exposed beams, designer paint, tile flooring, and wood laminate in all the right places. The kitchen offers stainless steel appliances, granite countertops, rich wood cabinetry, and a peninsula with breakfast bar seating. Upstairs, you'll find comfortable bedrooms, including a primary suite with dual closets and an ensuite bath featuring double sinks. Step outside to your private patio--ideal for morning coffee, evening relaxation, or weekend BBQs. Enjoy easy access to the community pool and a convenient Casa Grande location near shopping, dining, and everyday amenities

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 $27,461. 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 feet1,609
Property typeSingle Family
MLS #7039862
CountyMaricopa County
Assumable loanFHA
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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)
$969/mo
Source est. payment (PITI)
$1,318/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$27,461

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

$0$27,461
Additional funds needed$0

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