Properties / 2615 W WASHINGTON Street
FHA ASSUMABLERate: 6.5%

2615 W WASHINGTON Street

$305,000
Phoenix, AZ 85009
2 beds1 baths921 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$36,077 interest already paid off
Estimated Loan Balance$287,030
Cash to close$18,264
Est. Monthly PITI$2,198
Initial Loan Amount$292,602
Time on site50 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$17,970
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

Welcome home to this charming starter home offering an inviting open floor plan designed for comfortable everyday living and easy entertaining. The spacious layout flows seamlessly from the living area to the kitchen, creating a bright and functional space you'll love. Outside, you'll find a large backyard. The RV gate provides added convenience with ample space for recreational vehicles, trailers, or extra parking. An increasingly desirable feature for homeowners. Conveniently located with quick access to downtown Phoenix, major freeways, shopping, dining, and entertainment, this property offers both value and potential. Whether you're a first-time homebuyer or an investor looking for a property to add to the portfolio. This is the one!

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 $17,970. 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
Bathrooms1
Square feet921
Property typeSingle Family
MLS #7055582
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)
$1,853/mo
Source est. payment (PITI)
$2,198/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$17,970

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

$0$17,970
Additional funds needed$0

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