Properties / 854 S SAN MARCOS Drive
FHA ASSUMABLERate: 6.92%

854 S SAN MARCOS Drive

$250,000
Apache Junction, AZ 85120
3 beds2 baths1,500 sqftSingle Family
The assumable advantage
6.92%
FHA assumed rate
$29,761 interest already paid off
Estimated Loan Balance$204,552
Cash to close$45,645
Est. Monthly PITI$1,713
Initial Loan Amount$208,614
Time on site39 days
Remaining Term28 years
Seller's equity (what you pay)
$45,448
Cash or secondary financing
Monthly savings
$95
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to The Haystacks, where low-maintenance living meets comfort and convenience in the heart of Apache Junction. This 3-bedroom, 2-bath condominium offers a thoughtfully designed living space, featuring a highly desirable finished basement that provides exceptional flexibility for additional living, entertaining, or guest accommodations. The open main level flows seamlessly into the kitchen, offering ample cabinet space and room to gather. Downstairs, the finished basement helps keep the home naturally cooler during Arizona summers while creating separation between living and sleeping spaces. Enjoy the benefits of community living with access to the neighborhood pool and beautifully maintained common areas, all while being conveniently located near shopping, dining, schools, p Welcome to The Haystacks, where low-maintenance living meets comfort and convenience in the heart of Apache Junction. This 3-bedroom, 2-bath condominium offers a thoughtfully designed living space, featuring a highly desirable finished basement that provides exceptional flexibility for additional living, entertaining, or guest accommodations. The open main level flows seamlessly into the kitchen, offering ample cabinet space and room to gather. Downstairs, the finished basement helps keep the home naturally cooler during Arizona summers while creating separation between living and sleeping spaces. Enjoy the benefits of community living with access to the neighborhood pool and beautifully maintained common areas, all while being conveniently located near shopping, dining, schools, parks, and US-60 for an easy commute throughout the Valley. Whether you're a first-time homebuyer, seasonal resident, or investor, this home offers an outstanding opportunity to enjoy affordable, low-maintenance living with the space and functionality you've been looking for.

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 $45,448. 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 feet1,500
Property typeSingle Family
MLS #7061706
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,379/mo
Source est. payment (PITI)
$1,713/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$45,448

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

$0$45,448
Additional funds needed$0

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