Properties / 246 S ELLSWORTH Road
FHA ASSUMABLERate: 3.11%

246 S ELLSWORTH Road

$250,000
Mesa, AZ 85208
2 beds2 baths980 sqftSingle Family
The assumable advantage
3.11%
FHA assumed rate
$2,644 interest already paid off
Estimated Loan Balance$17,319
Cash to close$232,718
Est. Monthly PITI$278
Initial Loan Amount$19,148
Time on site21 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$232,681
Cash or secondary financing
Monthly savings
$1,392
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Conveniently located near shopping and dining, this inviting home offers an open floor plan with neutral finishes, wood-look laminate flooring, No HOA, own your land, recessed lighting, and ceiling fans throughout. The kitchen features abundant white cabinetry and warm wood-look countertops, creating a bright and functional space for everyday living. Relax and enjoy your morning coffee in the comfortable Arizona room, a versatile space filled with natural light. The spacious primary bedroom features large windows and a private bath. Outside, the expansive backyard provides plenty of room to entertain, relax, or enjoy Arizona evenings, with a covered patio and mature trees offering welcome shade. A comfortable layout, appealing finishes, and an excellent location make this home a wonderful opportunity.

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 $232,681. 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 feet980
Property typeSingle Family
MLS #7068872
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)
$82/mo
Source est. payment (PITI)
$278/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$232,681

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

$0$232,681
Additional funds needed$0

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