Properties / 649 N 69TH Avenue
FHA ASSUMABLERate: 6.5%

649 N 69TH Avenue

$364,900
Phoenix, AZ 85043
4 beds2 baths1,499 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$41,356 interest already paid off
Estimated Loan Balance$330,034
Cash to close$36,207
Est. Monthly PITI$2,493
Initial Loan Amount$335,418
Time on site50 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$34,866
Cash or secondary financing
Monthly savings
$21
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

NO CREDIT OK, BAD CREDIT OK, NO SSN OK, ITIN OK, ANYONE CAN BUY IT!...A low-care front yard w/artificial turf are just the beginning. The inviting interior showcases a neutral palette, recessed lighting, and wood-look tile floors in all the right places. Functional floor plan with a seamlessly flowing living & dining room, alongside a welcoming family room that opens to the kitchen! SS appliances, quartz counters, a walk-in pantry, white cabinets, and an island w/breakfast bar make up the culinary space. The main bedroom has a full bathroom for added comfort. Studio can easily be converted back to garage or keep for income! Laundry room with cabinetry. Large backyard features natural grass, play area, storage shed, and a full length covered patio. Solar is owned. Great locatio

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 $34,866. 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 feet1,499
Property typeSingle Family
MLS #7020546
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)
$2,131/mo
Source est. payment (PITI)
$2,493/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$34,866

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

$0$34,866
Additional funds needed$0

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