Properties / 3600 N COLORADO Avenue
FHA ASSUMABLERate: 6.54%

3600 N COLORADO Avenue

$159,000
Florence, AZ 85132
2 beds2 baths1,352 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$46,795 interest already paid off
Estimated Loan Balance$210,980
Cash to close$0
Est. Monthly PITI$1,668
Initial Loan Amount$218,762
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$0
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

Your dream kitchen has arrived! The open-concept layout of this 2 bedroom home centers around a beautifully remodeled kitchen with granite countertops, updated cabinetry, a designer backsplash, and a spacious walk-in pantry. The attached, oversized Arizona room offers additional living space and opens to a covered patio and large workshop, perfect for hobbies, storage, or projects. Step into the fully fenced backyard where a private staircase leads to an observation deck with breathtaking panoramic mountain views--the perfect place to enjoy Arizona's spectacular sunrises and sunsets. Updated lighting and ceiling fans add a fresh, modern touch throughout. Situated on a spacious corner lot, you'll enjoy extra outdoor space without the extra maintenance.

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 $0. 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
Bathrooms2
Square feet1,352
Property typeSingle Family
MLS #7046412
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)
$1,393/mo
Source est. payment (PITI)
$1,668/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.