Properties / 1350 S GREENFIELD Road
FHA ASSUMABLERate: 3.8%

1350 S GREENFIELD Road

$319,900
Mesa, AZ 85206
3 beds3 baths1,399 sqftSingle Family
The assumable advantage
3.8%
FHA assumed rate
$61,970 interest already paid off
Estimated Loan Balance$123,524
Cash to close$196,376
Est. Monthly PITI$1,131
Initial Loan Amount$163,919
Time on site7 days
Remaining Term18 years, 10 months
Seller's equity (what you pay)
$196,376
Cash or secondary financing
Monthly savings
$1,121
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Beautiful townhouse in gated community located in Mesa not far from the US 60 for easy access! Home has light tile throughout. Large great room with picture windows. Kitchen has breakfast bar and stainless steel appliances. Formal dining room leading to large laundry room. Master suite has and full bath. Guest rooms are complete with neutral carpet and ceiling fans. Full guest bathroom. Backyard has covered patio. This unit comes with two additional parking passes, very rare in this complex! Close to the pool but not too close!

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 $196,376. 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
Bathrooms3
Square feet1,399
Property typeSingle Family
MLS #7075680
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)
$766/mo
Source est. payment (PITI)
$1,131/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$196,376

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

$0$196,376
Additional funds needed$0

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