Properties / 3044 W HOLLY Street
FHA ASSUMABLERate: 3.5%

3044 W HOLLY Street

$340,000
Phoenix, AZ 85009
5 beds3 baths1,800 sqftSingle Family
The assumable advantage
3.5%
FHA assumed rate
$34,147 interest already paid off
Estimated Loan Balance$184,837
Cash to close$155,163
Est. Monthly PITI$1,371
Initial Loan Amount$205,214
Time on site7 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$155,163
Cash or secondary financing
Monthly savings
$1,082
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Fall in love with this charming residence in Phoenix! NO HOA! Featuring 5 beds, 3 baths, a stone-accent facade, an inviting front porch, gated off-street parking, an RV gate, and alley access. Inside, a cozy living area welcomes you, along with abundant natural light and tile floors throughout. Enjoy a formal dining area, while the eat-in kitchen boasts ample wood cabinetry, granite counterspace, travertine-style tile backsplash, recessed lighting, and SS appliances. The home offers two main bedrooms, each with a private bath for added convenience. The backyard features a covered patio, separate seating area, and artificial turf, ideal for relaxing or entertaining. Conveniently located near shopping & dining, Downtown Phoenix, with easy access to I-10 & I-17. Don't miss this opportunity!

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 $155,163. 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

Bedrooms5
Bathrooms3
Square feet1,800
Property typeSingle Family
MLS #7075935
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
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
Call

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)
$923/mo
Source est. payment (PITI)
$1,371/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$155,163

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

$0$155,163
Additional funds needed$0

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