Properties / 6606 W POLK Street
FHA ASSUMABLERate: 6.5%

6606 W POLK Street

$315,000
Phoenix, AZ 85043
3 beds3 baths1,452 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$7,325 interest already paid off
Estimated Loan Balance$338,299
Cash to close$0
Est. Monthly PITI$2,676
Initial Loan Amount$338,751
Time on site50 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$0
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

INVESTOR OPPORTUNITY - SHORT SALE This 3-bed, 2.5-bath Phoenix home in the Northglen community is a solid investment for savvy buyers looking to add value. With nearly 1,500 sq ft of living space, tile roof, dual-pane windows, and low HOA fees, this property offers incredible upside potential. Great bones, functional layout, and a prime location just minutes from I-10, downtown Phoenix, and major employment corridors make this an ideal buy-and-hold, flip, or rental play. The home needs some TLC and cosmetic updates but has the foundation of a strong long-term asset in a steadily appreciating area. Neighborhood rents and resale values support strong ROI once improvements are made. Cash, hard money, or strong conventional buyers preferred. Don't miss this opportunity to transform potential into profit perfect for investors, contractors, or anyone ready to build equity fast.

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 $0. 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 feet1,452
Property typeSingle Family
MLS #7047853
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)
$2,293/mo
Source est. payment (PITI)
$2,676/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.