Properties / 1350 S Greenfield Road
FHA ASSUMABLERate: 6.81%

1350 S Greenfield Road

$354,999
Mesa, AZ 85206
2 beds3 baths1,135 sqftSingle Family
The assumable advantage
6.81%
FHA assumed rate
$56,462 interest already paid off
Estimated Loan Balance$272,184
Cash to close$83,103
Est. Monthly PITI$2,200
Initial Loan Amount$280,830
Time on site38 days
Remaining Term27 years, 1 month
Seller's equity (what you pay)
$82,815
Cash or secondary financing
Monthly savings
$257
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to this charming 2-bed, 2.5-bath end-unit townhome in gated Tesoro at Greenfield! The light-filled main level features tile flooring, a half bath, and kitchen that contains granite countertops, center island, stainless steel appliances, pantry, and crown-molded cabinetry. Upstairs offers two dual-primary suites with vaulted ceilings and walk-in closets. The primary bedroom boasts abundant natural light from large and accent windows with unobstructed views of Holmes Park. Enjoy a low-maintenance backyard with a covered patio, synthetic turf, and southern park views with no rear neighbors. Includes a 1-car garage with epoxy floors and overhead storage, plus community pool/spa, parks, and trails. Rare condo that feels like a single-family home!

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 $82,815. 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
Bathrooms3
Square feet1,135
Property typeSingle Family
MLS #7062166
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)
$1,837/mo
Source est. payment (PITI)
$2,200/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$82,815

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

$0$82,815
Additional funds needed$0

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