Properties / 3039 S DEL RANCHO Avenue
FHA ASSUMABLERate: 3.67%

3039 S DEL RANCHO Avenue

$498,000
Mesa, AZ 85212
5 beds3 baths2,607 sqftSingle Family
The assumable advantage
3.67%
FHA assumed rate
$93,090 interest already paid off
Estimated Loan Balance$186,936
Cash to close$312,223
Est. Monthly PITI$1,663
Initial Loan Amount$250,864
Time on site50 days
Remaining Term18 years, 7 months
Seller's equity (what you pay)
$311,064
Cash or secondary financing
Monthly savings
$1,779
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Nestled within the desirable Santa Rita Ranch community, this property offers the perfect blend of comfort, functionality, and scenic Arizona living. Backing to beautiful views of the Superstition Mountains, the home features a spacious backyard with a sparkling fenced pool, covered patio, and plenty of room to relax, entertain, or enjoy the outdoors year round. Inside, expansive living spaces and a thoughtfully designed layout provide flexibility for a variety of lifestyles. Complete with a three car garage and RV gate, this home is ideally located near parks, shopping, dining, golf, and convenient freeway access, offering the best of East Mesa living.

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 $311,064. 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

Bedrooms5
Bathrooms3
Square feet2,607
Property typeSingle Family
MLS #7054772
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)
$1,158/mo
Source est. payment (PITI)
$1,663/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$311,064

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

$0$311,064
Additional funds needed$0

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