Properties / 5602 W Northern Avenue
FHA ASSUMABLERate: 3.96%

5602 W Northern Avenue

$375,000
Glendale, AZ 85301
4 beds2 baths1,537 sqftSingle Family
The assumable advantage
3.96%
FHA assumed rate
$58,434 interest already paid off
Estimated Loan Balance$146,660
Cash to close$228,340
Est. Monthly PITI$1,219
Initial Loan Amount$179,685
Time on site7 days
Remaining Term21 years, 1 month
Seller's equity (what you pay)
$228,340
Cash or secondary financing
Monthly savings
$1,355
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

CHECK OUT THIS STUNNING GLENDALE HOME! 🏡 This beautiful 4-bedroom, 2-bath single-story home offers an inviting open-concept layout with plenty of space for comfortable living and entertaining! Step inside to find beautiful tile flooring, plush carpeting, a chef-inspired kitchen and a modern light paint palette that gives the home a fresh and welcoming feel. BUT THE BACKYARD IS WHERE THIS HOME REALLY SHINES! 🌴 Enjoy your own backyard oasis featuring a covered patio, diving pool, fenced grassy area --everything you need for summer gatherings, relaxing evenings, and making memories with family and friends. If you've been waiting for a home where indoor comfort meets backyard fun, this is the one you'll want to see! COME CHECK IT OUT TODAY!

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 $228,340. 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
Bathrooms2
Square feet1,537
Property typeSingle Family
MLS #7076003
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$856/mo
Source est. payment (PITI)
$1,219/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$228,340

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

$0$228,340
Additional funds needed$0

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