Properties / 8899 N Roughrider Road
FHA ASSUMABLERate: 6.19%

8899 N Roughrider Road

$359,000
McNeal, AZ 85617
3 beds2 baths1,950 sqftSingle Family
The assumable advantage
6.19%
FHA assumed rate
$10,545 interest already paid off
Estimated Loan Balance$254,914
Cash to close$104,086
Est. Monthly PITI$1,859
Initial Loan Amount$256,410
Time on site7 days
Remaining Term29 years, 5 months
Seller's equity (what you pay)
$104,086
Cash or secondary financing
Monthly savings
$547
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Here's your chance to own the complete package. This off-grid property has it all and everything is brand new. From the reliable private well, the 3-acre horse pasture, multiple animal stalls, a 30x42 steel barn garage, a grey water harvesting system,12kw solar array and 20kw battery bank, and not to mention a spacious 3BR 2BA house, this fully fenced 36-acre homestead is highly equipped to suit your needs. The land itself is a dynamic blend of rich green overgrowth and mesquite thickets. Get lost in splendorous 360 degree mountain views. This high elevation mountain property has a year-round growing season. No nearby neighbors. No through traffic. Expect blackout nights and unmatched quiet. Bring your toys, your animals, your family and ride out the apocalypse with maximum comfort.

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 $104,086. 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 feet1,950
Property typeSingle Family
MLS #7075590
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)
$1,570/mo
Source est. payment (PITI)
$1,859/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$104,086

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

$0$104,086
Additional funds needed$0

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