Properties / 1301 E 29TH Avenue
FHA ASSUMABLERate: 8.51%

1301 E 29TH Avenue

$320,000
Apache Junction, AZ 85119
2 beds1 baths1,110 sqftSingle Family
The assumable advantage
8.51%
FHA assumed rate
$87,533 interest already paid off
Estimated Loan Balance
Cash to close$328,583
Est. Monthly PITI$629
Initial Loan Amount$49,437
Time on site50 days
Remaining Term0 months
Seller's equity (what you pay)
Cash or secondary financing
Monthly savings
Versus today's market rate
Est. savings per year
Versus today's market rate

About this home

Move-in ready single-level home in the heart of Apache Junction with NO HOA and RV parking. This updated home offers an open, light-filled layout with wood-look plank flooring throughout and fresh interior paint. The kitchen features stainless steel appliances, an electric range, ample wood cabinetry, and a breakfast bar. The big-ticket updates are already done, including a newer roof, newer refrigerated A/C, and a brand-new electric water heater. Enjoy Arizona indoor-outdoor living on an oversized 8,148 sq ft lot with a covered patio, carport, and fenced yard with RV-sized side access. Ideally located minutes from US-60, shopping, dining, and the Superstition Mountains.

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 — the difference between the sale price and the remaining loan balance. This seller has not published their balance yet; ask us and we'll confirm it with the lender. 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 feet1,110
Property typeSingle Family
MLS #7055108
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)
Source est. payment (PITI)
$629/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

The loan details needed to estimate principal and interest are unavailable.

Estimated equity gap

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.