Properties / 1920 S Plaza Drive
FHA ASSUMABLERate: 3.02%

1920 S Plaza Drive

$249,990
Apache Junction, AZ 85120
2 beds2 baths889 sqftSingle Family
The assumable advantage
3.02%
FHA assumed rate
$25,563 interest already paid off
Estimated Loan Balance$131,387
Cash to close$119,217
Est. Monthly PITI$973
Initial Loan Amount$150,793
Time on site50 days
Remaining Term24 years
Seller's equity (what you pay)
$118,603
Cash or secondary financing
Monthly savings
$832
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Welcome to low-maintenance living in the gated 55+ community of Superstition Heights. This single-level townhome offers 2 bedrooms, 1.5 bathrooms and a functional floor plan. Features include a private backyard, covered patio and attached one car garage with additional storage space. Enjoy convenient access to the community pool and clubhouse, along with nearby shopping, dining, medical services, golf, outdoor recreation and US 60. An excellent opportunity for a full-time residence or Arizona seasonal retreat.

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 $118,603. 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 feet889
Property typeSingle Family
MLS #7052907
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)
$642/mo
Source est. payment (PITI)
$973/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$118,603

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

$0$118,603
Additional funds needed$0

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