Properties / 2151 N MERIDIAN Road
FHA ASSUMABLERate: 5.79%

2151 N MERIDIAN Road

$194,000
Apache Junction, AZ 85120
2 beds1 baths750 sqftSingle Family
The assumable advantage
5.79%
FHA assumed rate
$45,517 interest already paid off
Estimated Loan Balance$17,724
Cash to close$176,451
Est. Monthly PITI$499
Initial Loan Amount$44,300
Time on site15 days
Remaining Term6 years, 9 months
Seller's equity (what you pay)
$176,276
Cash or secondary financing
Monthly savings
$879
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Completely remodeled 2-bedroom, 1-bathroom home in Apache Junction, move-in ready and waiting for you! Step inside to sleek new LVP flooring that flows seamlessly throughout, creating a clean, modern look. The kitchen has been beautifully updated with brand-new cabinets, gorgeous new countertops, and stainless steel appliances, ideal for home cooks and entertainers alike. The bathroom has been tastefully renovated with fresh, contemporary finishes. Enjoy year-round comfort with a recently replaced A/C unit, plus the added convenience of an in-unit stackable washer and dryer. Every detail of this home has been thoughtfully updated, so all that's left to do is unpack and enjoy. Don't miss this turnkey opportunity!

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 $176,276. 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 feet750
Property typeSingle Family
MLS #7070017
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)
$265/mo
Source est. payment (PITI)
$499/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$176,276

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

$0$176,276
Additional funds needed$0

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