Properties / 1021 S GREENFIELD Road
FHA ASSUMABLERate: 6.37%

1021 S GREENFIELD Road

$310,000
Mesa, AZ 85206
2 beds2 baths1,091 sqftSingle Family
The assumable advantage
6.37%
FHA assumed rate
$5,457 interest already paid off
Estimated Loan Balance$206,000
Cash to close$104,770
Est. Monthly PITI$1,611
Initial Loan Amount$206,000
Time on site50 days
Remaining Term29 years, 7 months
Seller's equity (what you pay)
$104,000
Cash or secondary financing
Monthly savings
$537
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Embrace easy living in this remodeled, move-in ready 2-bedroom, 2-bath townhouse located in the highly desirable Greenfield Glen 55+ community. Thoughtfully updated from top to bottom, this charming home features a bright open-concept layout with new flooring, updated appliances, stylish light fixtures, and contemporary finishes throughout. New windows . It is a FHA/VA approved property Designed for comfort and convenience, this low-maintenance property is perfect for a lock-and-leave lifestyle or year-round Arizona living. Residents enjoy resort-style community amenities including a sparkling pool, beautifully maintained grounds, and a peaceful, welcoming atmosphere. Affordably priced and beautifully updated, this is an exceptional opportunity to enjoy carefree living

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 $104,000. 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
Bathrooms2
Square feet1,091
Property typeSingle Family
MLS #7025376
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)
$1,291/mo
Source est. payment (PITI)
$1,611/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$104,000

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

$0$104,000
Additional funds needed$0

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