Properties / 982 E SAGUARO Drive
FHA ASSUMABLERate: 4.25%

982 E SAGUARO Drive

$339,000
Globe, AZ 85501
4 beds3 baths2,128 sqftSingle Family
The assumable advantage
4.25%
FHA assumed rate
$39,899 interest already paid off
Estimated Loan Balance$90,371
Cash to close$248,906
Est. Monthly PITI$902
Initial Loan Amount$115,043
Time on site28 days
Remaining Term17 years, 11 months
Seller's equity (what you pay)
$248,629
Cash or secondary financing
Monthly savings
$1,398
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

This spacious 4-bedroom, 2.75-bath manufactured home is located in East Globe. It features newer appliances, including a Samsung refrigerator, stove, microwave, and dishwasher, all purchased in September 2024. The master bathroom has been newly remodeled, and both the air conditioning unit and roof were replaced in 2024. Additionally, there is a newer 50-gallon water heater. The property includes a large 900-square-foot detached garage and a 20 x 30-foot concrete slab in the backyard. It is also horse property with beautiful views all on 1.31 acres.

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 $248,629. 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

Bedrooms4
Bathrooms3
Square feet2,128
Property typeSingle Family
MLS #7066714
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)
$601/mo
Source est. payment (PITI)
$902/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$248,629

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

$0$248,629
Additional funds needed$0

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