Properties / 2810 E Glenrosa Avenue
FHA ASSUMABLERate: 6.26%

2810 E Glenrosa Avenue

$387,000
Phoenix, AZ 85016
3 beds3 baths1,224 sqftSingle Family
The assumable advantage
6.26%
FHA assumed rate
$73,877 interest already paid off
Estimated Loan Balance$339,378
Cash to close$48,836
Est. Monthly PITI$2,593
Initial Loan Amount$352,563
Time on site50 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$47,622
Cash or secondary financing
Monthly savings
$98
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

A 3-bedroom, 2.5 bath condo at this price point is a hidden gem in the Camelback Corridor. The spacious living room, kitchen and eat-in dining provide a great entertaining space that can be expanded into the adorable back patio and small yard. A convenient half bath is located downstairs for family and guests. Upstairs, you will find three bedrooms and two baths with the primary bedroom featuring two closets and a recently remodeled shower. This unit is steps away from the community pool and heated spa and walking distance or a short drive to many of the highlights of this area such as Biltmore Fashion Park, LGO, and Ingo's. It is also across the street from the spacious Los Olivos Park that includes Frisbee Golf. Don't miss this opportunity to make this home your own!

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 $47,622. 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
Bathrooms3
Square feet1,224
Property typeSingle Family
MLS #7044528
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)
$2,184/mo
Source est. payment (PITI)
$2,593/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$47,622

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

$0$47,622
Additional funds needed$0

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