Properties / 11985 W Rodeo Trail
FHA ASSUMABLERate: 4.5%

11985 W Rodeo Trail

$349,999
Marana, AZ 85653
4 beds2 baths1,562 sqftSingle Family
The assumable advantage
4.5%
FHA assumed rate
$27,870 interest already paid off
Estimated Loan Balance$333,324
Cash to close$16,675
Est. Monthly PITI$2,275
Initial Loan Amount$342,678
Time on site12 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$16,675
Cash or secondary financing
Monthly savings
$325
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

ASSUMABLE FHA LOAN AT 4.5%!!! Take FULL advantage of an incredible financing opportunity on this nearly new, 4 bed/2 bath exceptionally maintained home. The open-concept design offers a bright, spacious feel, while the split floor plan provides privacy & functionality. The kitchen features beautiful white quartz countertops, stainless steel appliances, & space for gathering & entertaining. Energy-efficient construction adds to the home's appeal & helps keep everyday living costs in check. The spacious 2 car garage includes epoxy floors for durability & easy maintenance. Outside, the backyard is ready to enjoy, with fresh turf, pavers, & low-care landscaping supported by a convenient drip irrigation system. The ramada is a bonus, creating a fantastic space for outdoor grilling & entertaining. With newer construction, modern finishes, a thoughtfully designed backyard, AND an assumable FHA loan at just 4.5%, this property offers a rare opportunity to enjoy the benefits of a newer home while securing a financing rate that is difficult to find in today's market!

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 $16,675. 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 feet1,562
Property typeSingle Family
MLS #7073213
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)
$1,739/mo
Source est. payment (PITI)
$2,275/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$16,675

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

$0$16,675
Additional funds needed$0

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