Properties / 10018 N 48TH Lane
FHA ASSUMABLERate: 5.52%

10018 N 48TH Lane

$470,000
Glendale, AZ 85302
3 beds2 baths1,771 sqftSingle Family
The assumable advantage
5.52%
FHA assumed rate
$98,426 interest already paid off
Estimated Loan Balance$424,291
Cash to close$46,314
Est. Monthly PITI$3,151
Initial Loan Amount$449,328
Time on site36 days
Remaining Term26 years
Seller's equity (what you pay)
$45,709
Cash or secondary financing
Monthly savings
$208
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome to this beautifully updated 3-bedroom, 2-bath home in Glendale! Move-in ready and thoughtfully renovated, this property offers the perfect combination of modern updates and everyday comfort. Recent improvements include fresh interior and exterior paint, new energy-efficient windows, new kitchen appliances, repainted cabinetry, updated ceiling fans, and modern light fixtures throughout, creating a bright and inviting living space. The home also features a Tesla EV charging station, providing added convenience for electric vehicle owners. Step outside to your private backyard oasis complete with a sparkling swimming pool, perfect for relaxing or entertaining family and friends year-round. With numerous recent upgrades inside and out, this home has been meticulously maintained and is ready for its next owner.

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 $45,709. 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
Bathrooms2
Square feet1,771
Property typeSingle Family
MLS #7062795
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)
$2,564/mo
Source est. payment (PITI)
$3,151/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$45,709

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

$0$45,709
Additional funds needed$0

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