Properties / 2911 W MONTEBELLO Avenue
FHA ASSUMABLERate: 3.75%

2911 W MONTEBELLO Avenue

$375,000
Phoenix, AZ 85017
3 beds1 baths1,493 sqftSingle Family
The assumable advantage
3.75%
FHA assumed rate
$47,553 interest already paid off
Estimated Loan Balance$167,094
Cash to close$207,906
Est. Monthly PITI$1,258
Initial Loan Amount$194,413
Time on site11 days
Remaining Term23 years, 1 month
Seller's equity (what you pay)
$207,906
Cash or secondary financing
Monthly savings
$1,309
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Great location near Grand Canyon University! Beautifully updated block home with NO HOA and plenty of parking. Step inside to an inviting open floor plan with tile flooring throughout, neutral tones, and an oversized family room. The kitchen features oak cabinetry, newer white appliances, updated countertops, and recessed lighting. Spacious bedrooms and an updated modern bathroom vanity add comfort and style. Enjoy peace of mind with a new AC and water heater installed in 2025, plus new front-yard fencing. The distinctive red tile roof adds excellent curb appeal. A large concrete slab expands parking and extends to the backyard, providing ample space for vehicles, recreational toys, or storage. The backyard features updated landscaping and a large covered patio, perfect for relaxing or entertaining. Conveniently located near GCU, parks, shopping, dining, and major roadways. Move-in ready and ready to make it your home! (Exterior painting will be completed by 8/11)

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 $207,906. 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
Bathrooms1
Square feet1,493
Property typeSingle Family
MLS #7073660
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)
$902/mo
Source est. payment (PITI)
$1,258/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$207,906

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

$0$207,906
Additional funds needed$0

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