Properties / 1564 S ROYAL PALM Road
FHA ASSUMABLERate: 3.38%

1564 S ROYAL PALM Road

$435,000
Apache Junction, AZ 85119
3 beds2 baths1,744 sqftSingle Family
The assumable advantage
3.38%
FHA assumed rate
$72,616 interest already paid off
Estimated Loan Balance$125,333
Cash to close$311,533
Est. Monthly PITI$1,239
Initial Loan Amount$184,794
Time on site50 days
Remaining Term16 years, 4 months
Seller's equity (what you pay)
$309,667
Cash or secondary financing
Monthly savings
$1,732
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Spacious rooms you have to see to appreciate! This beautifully maintained 3-bedroom, 2-bath home offers an exceptionally roomy floor plan with a 22' x 17' great room, a 17' x 16' primary suite, and oversized secondary bedrooms measuring 14' x 13' and 13' x 13'--all featuring walk-in closets. Built in 2008, this 1,744 sq. ft. home sits on an 8,669 sq. ft. lot with NO HOA. Enjoy added value with a brand-new A/C system and owned solar that will be paid off at closing, giving the new owner the benefits of energy savings with no solar loan or lease. The spacious kitchen offers abundant cabinetry, generous counter space, and a functional layout that opens to the great room--perfect for everyday living and entertaining. The primary suite features a private en-suite bath and a large walk-in closet, while the additional oversized bedrooms provide flexible space for family, guests, a home office, or hobbies. Outside, you'll find a block wall, RV gate, and a large backyard with endless possibilities for outdoor living, gardening, or future customization. Conveniently located just minutes from Central Arizona College, shopping, dining, and easy US-60 access, this home also offers quick access to the breathtaking Superstition Mountains, hiking trails, lakes, and endless outdoor recreation. Don't miss this incredible opportunity to own a newer home with oversized rooms, a brand-new A/C, paid-off solar (Over $20,500 in added value! Seller will pay off the owned solar at closing, giving the buyer energy savings without a solar loan or lease.) NO HOA, and RV parking in beautiful Apache Junction!

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 $309,667. 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 feet1,744
Property typeSingle Family
MLS #7033727
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)
$833/mo
Source est. payment (PITI)
$1,239/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$309,667

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

$0$309,667
Additional funds needed$0

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