Properties / 20038 N 38TH Lane
FHA ASSUMABLERate: 2.87%

20038 N 38TH Lane

$499,900
Glendale, AZ 85308
4 beds2 baths1,813 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$43,594 interest already paid off
Estimated Loan Balance$298,119
Cash to close$203,107
Est. Monthly PITI$1,911
Initial Loan Amount$331,615
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$201,781
Cash or secondary financing
Monthly savings
$1,564
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Corner Lot with Pool, just off the Loop 101 frontage road for quick freeway access anywhere in the valley! This well-loved 4-bedroom home offers timeless charm with tasteful touches and a layout designed for everyday living and effortless entertaining. It has everything you need: a refreshing pool, updated kitchen and flooring, and a 14.52 kW Solar System that delivers year-round comfort and savings! Recent cosmetic enhancements make this home truly move-in ready. Inside, you'll find an open layout with vaulted ceilings, a spacious family room, separate living room, and a dedicated dining area. The kitchen features a large island with breakfast bar, marble stone counters, stainless steel appliances, and refinished cabinets. The tranquil primary suite includes dual sinks, walk-in shower, and a soaking tub to relax and unwind. Three additional bedrooms offer flexible space for family, guests, or home office. Durable vinyl plank flooring runs through the main living areas, with plush carpet in the bedrooms. You'll also find a double-door guest bathroom, a 2-car garage, stylish finishes, and comes complete with a washer, dryer, and refrigerator. Step outside to a backyard made for Arizona living, sparkling diving pool, shaded pergola, mister system, and low-maintenance turf and landscaping. Conveniently located close to Adobe Dam Regional Park, Hurricane Harbor, Petroglyph Preserve, AMC Theatres, and plenty of shopping and dining. Quick freeway access to the I-17, 303, 101, and 51 making commuting a breeze. Bring your offer today!

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 $201,781. 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 feet1,813
Property typeSingle Family
MLS #7054877
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)
$1,384/mo
Source est. payment (PITI)
$1,911/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$201,781

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

$0$201,781
Additional funds needed$0

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