Properties / 4524 N 93RD Drive
FHA ASSUMABLERate: 6.12%

4524 N 93RD Drive

$521,000
Phoenix, AZ 85037
4 beds4 baths2,271 sqftSingle Family
The assumable advantage
6.12%
FHA assumed rate
$1,782 interest already paid off
Estimated Loan Balance$16,459
Cash to close$504,541
Est. Monthly PITI$555
Initial Loan Amount$16,837
Time on site7 days
Remaining Term26 years, 4 months
Seller's equity (what you pay)
$504,541
Cash or secondary financing
Monthly savings
$2,968
Versus today's market rate
Est. savings per year
$36K
Versus today's market rate

About this home

Beautifully maintained single story Next Gen home offering 2,271 sq ft with 4 bedrooms and 3 full baths in an established Phoenix neighborhood. This home within a home features a private in-law suite as the 4th bedroom, perfect for multigenerational living, extended family, or guests. Charming Spanish style exterior boasts a tile roof, turret entry, arched windows, and low maintenance desert landscaping. Inside, an open concept great room connects the living, dining, and kitchen with easy care tile flooring throughout. The kitchen shines with rich wood cabinetry, granite countertops, and a large island with breakfast bar seating. Two car garage and extended driveway. Minutes from shopping, dining, schools, and quick access to Loop 101 and I-10. Move in ready. Come see it!

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 $504,541. 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
Bathrooms4
Square feet2,271
Property typeSingle Family
MLS #7075476
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$105/mo
Source est. payment (PITI)
$555/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$504,541

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

$0$504,541
Additional funds needed$0

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