Properties / 6955 W MONTEBELLO Avenue E
FHA ASSUMABLERate: 4.06%

6955 W MONTEBELLO Avenue E

$365,000
Glendale, AZ 85303
4 beds2 baths1,294 sqftSingle Family
The assumable advantage
4.06%
FHA assumed rate
$57,668 interest already paid off
Estimated Loan Balance$180,283
Cash to close$184,318
Est. Monthly PITI$1,391
Initial Loan Amount$210,123
Time on site0 days
Remaining Term22 years, 10 months
Seller's equity (what you pay)
$184,717
Cash or secondary financing
Monthly savings
$1,143
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Check out this beautiful 3 bed, 2 bath residence now for sale in Skyview West! Featuring great curb appeal, a 2 car garage, and a sizeable front yard, it's sure to be the home for you! Inside you will find spacious dining & living areas perfect for entertaining. The kitchen comes equipped w/everything you'll need for home cooking, ample cabinetry, plenty of counter space, and built-in appliances. End your busy day in the primary bedroom, showcasing a private bath for added comfort & convenience. Also including a large backyard where you can spend quality time w/friends & loved ones, this home is a true gem! Act now before it's gone!

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 $184,717. 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 feet1,294
Property typeSingle Family
MLS #7066685
CountyMaricopa County
Assumable loanFHA
Tour this home
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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
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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)
$1,010/mo
Source est. payment (PITI)
$1,391/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$184,717

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

$0$184,717
Additional funds needed$0

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