Properties / 1562 S DESERT VIEW Place
FHA ASSUMABLERate: 2.96%

1562 S DESERT VIEW Place

$349,900
Apache Junction, AZ 85120
4 beds3 baths1,961 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$48,227 interest already paid off
Estimated Loan Balance$297,921
Cash to close$53,311
Est. Monthly PITI$1,860
Initial Loan Amount$333,841
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$51,979
Cash or secondary financing
Monthly savings
$653
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Back on the market!!! Enjoy stunning desert living with a private in-ground pool, no HOA, and breathtaking Superstition Mountain views in this Apache Junction home! Featuring a bright, open layout filled with natural light, this beautifully updated residence offers a welcoming living space perfect for everyday comfort. The kitchen shines with modern finishes and ample cabinetry, while spacious bedrooms provide a relaxing retreat. Step outside to your private in-ground pool and generous yard, ideal for entertaining, unwinding, and enjoying unforgettable Arizona sunsets. Conveniently located near hiking trails, parks, shopping, dining, and easy Valley access. A rare blend of scenery, style, and lifestyle. Don't miss this 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 $51,979. 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

Bedrooms4
Bathrooms3
Square feet1,961
Property typeSingle Family
MLS #7043735
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)
$1,410/mo
Source est. payment (PITI)
$1,860/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$51,979

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

$0$51,979
Additional funds needed$0

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