Properties / 2208 W SAN MIGUEL Avenue
FHA ASSUMABLERate: 6.71%

2208 W SAN MIGUEL Avenue

$510,000
Phoenix, AZ 85015
4 beds2 baths1,981 sqftSingle Family
The assumable advantage
6.71%
FHA assumed rate
$96,358 interest already paid off
Estimated Loan Balance$459,776
Cash to close$52,195
Est. Monthly PITI$3,620
Initial Loan Amount$473,646
Time on site50 days
Remaining Term27 years
Seller's equity (what you pay)
$50,224
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautifully remodeled Furnished 4-bedroom, 2-bath home in the heart of Phoenix with modern finishes and an open-concept design! This move-in ready home features 4 new flat screen TVs & 3 brand new mini split AC units, a spacious layout filled with natural light, updated flooring, stylish fixtures, and a beautifully upgraded kitchen with sleek countertops, updated cabinetry, and stainless steel appliances. The kitchen opens seamlessly to the living and dining areas, creating the perfect space for entertaining and everyday living. The primary suite offers a private retreat with an updated bathroom, while the secondary bedrooms are generously sized. Step outside to a large backyard with plenty of room to relax, entertain, or create your ideal outdoor oasis. Conveniently located near shopping, dining, parks, schools, and freeway access, this home combines modern style, comfort, and convenience in a great Phoenix location!

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 $50,224. 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 feet1,981
Property typeSingle Family
MLS #7031069
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)
$3,076/mo
Source est. payment (PITI)
$3,620/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$50,224

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

$0$50,224
Additional funds needed$0

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