Properties / 38216 W LA PAZ Street
FHA ASSUMABLERate: 4.03%

38216 W LA PAZ Street

$300,000
Maricopa, AZ 85138
4 beds3 baths2,080 sqftSingle Family
The assumable advantage
4.03%
FHA assumed rate
$66,649 interest already paid off
Estimated Loan Balance$164,551
Cash to close$135,860
Est. Monthly PITI$1,433
Initial Loan Amount$201,188
Time on site27 days
Remaining Term21 years
Seller's equity (what you pay)
$135,449
Cash or secondary financing
Monthly savings
$800
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Welcome home to the desirable Rancho Mirage community! This spacious 4-bedroom, 2.5-bath home offers over 1,900 sq ft with a functional layout and plenty of room to make it your own. Vaulted ceilings greet you as you enter, creating an open and inviting feel throughout the main living area. The kitchen offers ample cabinetry and counter space with a breakfast bar overlooking the living area. Step outside to a blank-slate backyard ready for your vision, with an existing concrete pad providing the perfect starting point for a patio, outdoor entertaining area, garden, play space, or desert retreat. With four bedrooms, generous living space, and room to personalize inside and out, this Rancho Mirage home is ready for its next chapter!

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 $135,449. 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
Bathrooms3
Square feet2,080
Property typeSingle Family
MLS #7067122
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)
$969/mo
Source est. payment (PITI)
$1,433/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$135,449

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

$0$135,449
Additional funds needed$0

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