Properties / 11215 N 37TH Avenue
FHA ASSUMABLERate: 3.08%

11215 N 37TH Avenue

$600,000
Phoenix, AZ 85029
4 beds2 baths1,931 sqftSingle Family
The assumable advantage
3.08%
FHA assumed rate
$51,107 interest already paid off
Estimated Loan Balance$292,873
Cash to close$308,434
Est. Monthly PITI$1,921
Initial Loan Amount$329,670
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$307,127
Cash or secondary financing
Monthly savings
$2,124
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Completely remodeled from top to bottom in 23', this single-story home offers the perfect setup for indoor/outdoor living with NO HOA. Inside, high-gloss tile flooring runs seamlessly through the bright, open-concept layout. The sunken family room serves as a striking conversation pit / secondary living area, anchored by a floor-to-ceiling stacked-stone electric fireplace with a wood mantel. The living space transitions smoothly to the chef's kitchen, which features a massive granite waterfall island, sleek white shaker cabinetry, a custom tile backsplash, and stainless steel appliances. A sliding window above the sink opens directly to the patio, serving as a perfect pass-through to serve drinks and food to the backyard while hosting. Both bathrooms have been fully redesigned with custom-tiled tub-and-shower surrounds, modern vanities, and quartz countertops. Four spacious bedrooms feature neutral finishes, ceiling fans, and upgraded wood-look tile flooring, with one room easily doubling as a home office or flex space. A wall of black-framed bi-fold accordion doors folds completely flat to merge the indoor living area with the private backyard. The expansive gravel yard is anchored by a unique, artfully sculpted olive tree that serves as a natural centerpiece. Built for hosting, the outdoor space features multiple setup areas: a raised wood deck with a premium metal-roof gazebo, a central fire pit lounge covered by a shade sail, a built-in outdoor bar with seating, and a private above-ground spa under a custom wood-beam pergola. The property also includes a covered outdoor gym space and a large, extra side-attached storage area. Car enthusiasts and buyers needing room for toys will appreciate the newly added garage with custom copper-infused epoxy floors, a secondary laundry area with a washer and dryer, a covered carport, and dedicated side parking. This highly versatile property is perfect for a family who loves to host or an investor looking for a rental that is immediately ready to go, offered fully furnished on a separate bill of sale.

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 $307,127. 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
Bathrooms2
Square feet1,931
Property typeSingle Family
MLS #7053849
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$1,414/mo
Source est. payment (PITI)
$1,921/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$307,127

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

$0$307,127
Additional funds needed$0

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