Properties / 9748 E ESCONDIDO Avenue
FHA ASSUMABLERate: 2.88%

9748 E ESCONDIDO Avenue

$355,000
Mesa, AZ 85208
3 beds2 baths1,680 sqftSingle Family
The assumable advantage
2.88%
FHA assumed rate
$33,810 interest already paid off
Estimated Loan Balance$229,913
Cash to close$125,599
Est. Monthly PITI$1,483
Initial Loan Amount$256,272
Time on site34 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$125,087
Cash or secondary financing
Monthly savings
$1,025
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Looking for a 3-bed home in Mesa under $365,000? This one is at 9748 E Escondido Ave, on a 6,011 sqft lot in an established, well maintained neighborhood. The 1,680 sqft manufactured home was built in 1999 and has new flooring throughout. The roof and A/C are both 5 years old. The water heater is 2 years old, and a new water softener is already installed. The 2 car garage is air conditioned, so it works as a workshop, gym, or extra storage. There's also a separate air conditioned workshop or office, plus two more storage sheds for tools and gear. Step outside to a large covered patio, perfect for shade on hot Mesa afternoons. This home gives you flexible space indoors and out, all in a quiet, well kept neighborhood.

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 $125,087. 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 feet1,680
Property typeSingle Family
MLS #7064293
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)
$1,069/mo
Source est. payment (PITI)
$1,483/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$125,087

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

$0$125,087
Additional funds needed$0

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