Properties / 4627 E SOUTHGATE Avenue
FHA ASSUMABLERate: 3.09%

4627 E SOUTHGATE Avenue

$177,900
Phoenix, AZ 85040
3 beds1 baths1,008 sqftSingle Family
The assumable advantage
3.09%
FHA assumed rate
$22,239 interest already paid off
Estimated Loan Balance$126,474
Cash to close$51,426
Est. Monthly PITI$883
Initial Loan Amount$142,975
Time on site2 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$51,426
Cash or secondary financing
Monthly savings
$439
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Move-in ready 3-bedroom townhome in Hallcraft Villas East. Freshly painted in 2026, this vacant two-story features a bright formal living room, separate dining area, and eat-in kitchen with walk-in pantry. Full bath upstairs serving all three bedrooms. Private fenced patio with dedicated storage and washer/dryer hookups. Two designated parking spaces. HOA covers blanket insurance, exterior and roof, water/sewer, trash, and common area maintenance -- genuinely low-maintenance ownership. Community pool and playground. Tempe schools. Minutes to Sky Harbor, ASU, Downtown Phoenix, Tempe Marketplace, and I-10, Loop 143 and US-60. Rentals permitted. FHA and VA welcome; buyer may qualify for down payment assistance.

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 $51,426. 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
Bathrooms1
Square feet1,008
Property typeSingle Family
MLS #7077484
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)
$610/mo
Source est. payment (PITI)
$883/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$51,426

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

$0$51,426
Additional funds needed$0

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