Properties / 924 E GRANADA Avenue
FHA ASSUMABLERate: 4.98%

924 E GRANADA Avenue

$328,950
Apache Junction, AZ 85119
3 beds2 baths1,367 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$49,182 interest already paid off
Estimated Loan Balance$225,485
Cash to close$104,875
Est. Monthly PITI$1,700
Initial Loan Amount$240,130
Time on site50 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$103,465
Cash or secondary financing
Monthly savings
$644
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

924 E Granada offers a rare combination of no HOA, classic block construction, a spacious lot, and flexible-use living space in Apache Junction. This property is ideal for buyers who value room to park, store, and spread out, with space for RVs, toy haulers, motorcycles, trailers, work vehicles, or outdoor gear. Inside, the home offers two traditional bedrooms plus a large converted garage/flex area that provides additional usable living space. This flex area is located off the kitchen and includes access to the driveway and backyard, making it well suited for a bonus living area, home office, hobby room, workout space, guest-use area, or creative multi-purpose setup. The oversized kitchen has a warm vintage feel with original wood cabinets that have been well preserved, along with n counters and sink for a refreshed touch. The home also features replaced carpet, renovated bathrooms, and an A/C system approximately 4 years old, with additional room-specific cooling units that provide flexible comfort in select areas of the home. Outside, the oversized lot is one of the home's strongest advantages. With no HOA, buyers have more freedom to use the property in a way that fits their lifestyle. The backyard includes an open patio, storage shed, detached 2-car carport, and plenty of space to design a functional outdoor setup. For those looking for no-HOA freedom, storage potential, parking flexibility, block construction, and adaptable living space, 924 E Granada offers a strong Apache Junction 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 $103,465. 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 feet1,367
Property typeSingle Family
MLS #7031715
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)
$1,296/mo
Source est. payment (PITI)
$1,700/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$103,465

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

$0$103,465
Additional funds needed$0

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