Properties / 10161 E RUGGED MOUNTAIN Drive
FHA ASSUMABLERate: 3.69%

10161 E RUGGED MOUNTAIN Drive

$415,000
Gold Canyon, AZ 85118
3 beds2 baths1,487 sqftSingle Family
The assumable advantage
3.69%
FHA assumed rate
$61,974 interest already paid off
Estimated Loan Balance$362,821
Cash to close$52,179
Est. Monthly PITI$2,438
Initial Loan Amount$396,825
Time on site2 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$52,179
Cash or secondary financing
Monthly savings
$619
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

WOW! Beautiful AZ Retreat boasts an open design, perfect for those seeking a low-maintenance, relaxing lifestyle, complete with front-facing Superstition Mountain views! Plus, enjoy access to the Community Aquatic Center, where you can relax by the community pool and take in stunning mountain views--all within walking distance. And with an affordable price & the potential opportunity to assume a low-interest-rate mortgage, this home offers exceptional value! The light & bright kitchen features stainless steel appliances & opens seamlessly to the spacious great room. Step outside to the beautifully landscaped PRIVATE backyard, featuring an extended patio, pavers, & a desert wash along the back with a view fence--creating a PRIVATE, tranquil oasis perfect for relaxing or entertaining. The serene primary bedroom retreat features large bay windows, an en-suite bathroom with dual sinks, a walk-in shower, and a spacious walk-in closet. The split floor plan also offers two additional guest bedrooms, with the flexibility to use one as an office or den, plus a full guest bathroom--providing comfort and privacy for family and visitors. Located on a quiet cul-de-sac street within a walkable community, this home offers an array of amenities, including a clubhouse with a fully equipped fitness center, recreational and social room, and community pool. Hiking trails and Peralta Regional Park are also nearby, making it easy to enjoy the beauty and outdoor lifestyle of Arizona. Whether you're seeking a winter retreat or a full-time residence, this home offers the low-maintenance lifestyle, beautiful surroundings, community amenities, and value you've been looking for. Welcome home to the quality lifestyle you deserve! Most Furniture is available, buyer's option.

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 $52,179. 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
Bathrooms2
Square feet1,487
Property typeSingle Family
MLS #7070165
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)
$1,828/mo
Source est. payment (PITI)
$2,438/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$52,179

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

$0$52,179
Additional funds needed$0

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