Properties / 4503 W CONTINENTAL Drive
FHA ASSUMABLERate: 4.83%

4503 W CONTINENTAL Drive

$270,000
Glendale, AZ 85308
2 beds2 baths1,143 sqftSingle Family
The assumable advantage
4.83%
FHA assumed rate
$59,026 interest already paid off
Estimated Loan Balance$146,866
Cash to close$124,327
Est. Monthly PITI$1,211
Initial Loan Amount$168,589
Time on site50 days
Remaining Term22 years, 4 months
Seller's equity (what you pay)
$123,134
Cash or secondary financing
Monthly savings
$695
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Seller willing to pay closing cost and 1year of HOA #2.Move-in ready 2-bedroom, 2-bathroom corner private townhouse perfectly situated at the desirable Bellair Golf Course community near the Loop 101 and I-17. Highlights include indoor laundry and an enclosed patio ideal as a game room, bonus space, or relaxing retreat AND a rare huge blocked outdoor patio! Step inside to an open and spacious layout featuring large ceramic tile flooring, high vaulted wood ceilings. The beautifully updated kitchen with maple cabinetry, and a stylish tiled backsplash. The primary suite offers a full bathroom, walk in closet space, a tiled shower, and updated countertops for a modern touch. Enjoy resort-style living with community amenities including a golf course, pools, and tennis courts

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 $123,134. 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 feet1,143
Property typeSingle Family
MLS #7023587
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)
$897/mo
Source est. payment (PITI)
$1,211/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$123,134

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

$0$123,134
Additional funds needed$0

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