Properties / 2151 N MERIDIAN Road
FHA ASSUMABLERate: 3.46%

2151 N MERIDIAN Road

$170,000
Apache Junction, AZ 85120
2 beds1 baths750 sqftSingle Family
The assumable advantage
3.46%
FHA assumed rate
$19,457 interest already paid off
Estimated Loan Balance$49,771
Cash to close$120,229
Est. Monthly PITI$538
Initial Loan Amount$63,822
Time on site4 days
Remaining Term20 years, 2 months
Seller's equity (what you pay)
$120,229
Cash or secondary financing
Monthly savings
$717
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Welcome to Acoma Estates, where low-maintenance living meets comfort, convenience, and beautiful desert surroundings. This gently lived-in 2-bedroom, 1-bath unit has been exceptionally well maintained and offers a wonderful opportunity for a first-time buyer, winter visitor, investment property, or anyone looking for an easy Arizona getaway. Inside, you'll find upgraded flooring and brand-new carpet, along with a beautifully updated bathroom featuring a convenient walk-in tub. The AC unit and appliances are new, and the in-unit washer and dryer add everyday convenience. Step outside to your own private patio, perfect for morning coffee or relaxing outdoors. Whether you're looking for your first home, a seasonal retreat, or an investment opportunity, this move-in-ready Acoma Estates unit offers an appealing combination of updates, privacy, and location.

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 $120,229. 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

Bedrooms2
Bathrooms1
Square feet750
Property typeSingle Family
MLS #7076918
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)
$286/mo
Source est. payment (PITI)
$538/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$120,229

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

$0$120,229
Additional funds needed$0

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