Properties / 20243 W RANCHO Drive
FHA ASSUMABLERate: 6.69%

20243 W RANCHO Drive

$535,000
Litchfield Park, AZ 85340
5 beds3 baths2,552 sqftSingle Family
The assumable advantage
6.69%
FHA assumed rate
$85,714 interest already paid off
Estimated Loan Balance$505,209
Cash to close$29,263
Est. Monthly PITI$3,965
Initial Loan Amount$519,408
Time on site1 day
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$29,791
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Enjoy breathtaking mountain views from this beautifully designed single-level home! For your vehicles, a paver driveway and a 3-car tandem garage. Charming stone accents and a welcoming front porch set the tone for the inviting interior. Discover an open-concept layout featuring tile flooring, recessed lighting, and sliding glass doors that seamlessly connect indoor/outdoor living. The wide-open kitchen showcases stainless steel appliances, a walk-in pantry, granite counters, crown-molded cabinetry, and a breakfast bar island. Split main bedroom boasts ample bathroom w/dual vanities, a separate tub/shower, and a walk-in closet. The blank canvas backyard with a covered patio provides endless possibilities for your dream outdoor oasis. A true gem. Make it yours!

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 $29,791. 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 feet2,552
Property typeSingle Family
MLS #7078506
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)
$3,348/mo
Source est. payment (PITI)
$3,965/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$29,791

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

$0$29,791
Additional funds needed$0

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