Properties / 1964 S MARA Drive
FHA ASSUMABLERate: 6.5%

1964 S MARA Drive

$299,900
Apache Junction, AZ 85120
2 beds1 baths895 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$20,700 interest already paid off
Estimated Loan Balance$164,690
Cash to close$135,379
Est. Monthly PITI$1,375
Initial Loan Amount$167,887
Time on site50 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$135,210
Cash or secondary financing
Monthly savings
$706
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Charming 2 bedroom Located deep in a Cul-De-Sac. This is great for first time home buyers, or those looking do downsize or a second winter home. All new two tone paint, Honeycomb Cellular blinds at the window & plush upgraded carpet w/ memory foam padding just installed. The Kitchen has newer Stainless Steel appliances w/ plenty of counter & cabinet space all open to living room, The bedrooms are nice size with a large bathroom in between, with dual sinks, and large remodeled walk in shower. The large backyard has a 20' X 10' covered back patio for BBQ's and entertaining along w a nice desert shade tree surrounded by raised garden beds. If you have hobbies that require more Air Conditioned space the 2 car garage is climate controlled by a energy efficient Trane mini split.

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 $135,210. 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 feet895
Property typeSingle Family
MLS #7026795
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)
$1,063/mo
Source est. payment (PITI)
$1,375/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$135,210

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

$0$135,210
Additional funds needed$0

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