Properties / 270 E Apodoca Street
FHA ASSUMABLERate: 2.77%

270 E Apodoca Street

$110,257
St Johns, AZ 85936
3 beds2 baths1,650 sqftSingle Family
The assumable advantage
2.77%
FHA assumed rate
$15,338 interest already paid off
Estimated Loan Balance$91,887
Cash to close$19,449
Est. Monthly PITI$695
Initial Loan Amount$104,276
Time on site50 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$18,370
Cash or secondary financing
Monthly savings
$217
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Manufactured home with 3 bedrooms and 2 bathrooms with approximately 1650 square feet of living space on a .83 acre lot. The foreclosure deed has been recorded, allowing for shorter closing timelines. No Buyer Premium on this property. Closing is not contingent upon the status of the mobile home title. The purchaser may be responsible to de-title the mobile home after purchase. The data presented in this listing is deemed reliable but not guaranteed. This information should be used for informational use only and does not constitute a legal document for the description of this property. Buyer or Buyer's Agent to verify all facts, figures, schools, dimensions, Sq Ft, permits, HOA fees etc. that is of material importance to Buyer.

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 $18,370. 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 feet1,650
Property typeSingle Family
MLS #7015734
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)
$433/mo
Source est. payment (PITI)
$695/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$18,370

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

$0$18,370
Additional funds needed$0

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