Properties / 4653 N 99TH Drive
FHA ASSUMABLERate: 5.52%

4653 N 99TH Drive

$344,900
Phoenix, AZ 85037
3 beds3 baths1,942 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$65,528 interest already paid off
Estimated Loan Balance$282,878
Cash to close$62,826
Est. Monthly PITI$2,192
Initial Loan Amount$299,145
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$62,022
Cash or secondary financing
Monthly savings
$324
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Looking for a new home? This charming 3-bedroom two-story residence in Winds of Campbell is the one! A 2-car garage, low-care landscape, and front porch are just the beginning. The inviting interior showcases a designer palette, wood-look flooring throughout, and vaulted ceilings that add to the airy feel. Formal living room perfect for receiving guests! The eat-in kitchen boasts SS appliances, espresso shaker cabinetry, track lighting, and a cozy dining space w/bay window. All bedrooms are upstairs! Also including a flexible loft that can be a seating/TV area. Large main bedroom has an ensuite with dual sinks & a walk-in closet. Check out the spacious backyard with a covered patio, extended pavers, & a mature tree, where you can relax or enjoy BBQ! Excellent location! Don't miss this gem!

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 $62,022. 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 feet1,942
Property typeSingle Family
MLS #7057215
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)
$1,710/mo
Source est. payment (PITI)
$2,192/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$62,022

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

$0$62,022
Additional funds needed$0

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