Properties / 11223 W GLENROSA Avenue
FHA ASSUMABLERate: 2.81%

11223 W GLENROSA Avenue

$370,000
Phoenix, AZ 85037
4 beds3 baths1,374 sqftSingle Family
The assumable advantage
2.81%
FHA assumed rate
$18,309 interest already paid off
Estimated Loan Balance$113,848
Cash to close$257,456
Est. Monthly PITI$872
Initial Loan Amount$127,917
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$256,152
Cash or secondary financing
Monthly savings
$1,648
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Welcome to this spacious two-story home located in desirable city of Phoenix -- offering comfort, functionality, and strong appeal. This well-designed 4-bedroom, 2.5-bath home features a flexible floor plan with generous living spaces perfect for everyday living and entertaining. The combination of tile and carpet flooring provides durability in high-traffic areas while maintaining warmth and comfort in bedrooms and living spaces. The kitchen is both stylish and practical, showcasing sleek Corian countertops, ample cabinetry, and plenty of prep space for busy households. It opens seamlessly to the main living area, creating a welcoming environment for gatherings. Upstairs, you'll find spacious bedrooms including a comfortable primary suite with an en-suite bath. The additional bedrooms offer versatility for guests, home office space, or growing households. Step outside to a low-maintenance backyard -- ideal for kids, pets, or entertaining. Enjoy more time relaxing and less time maintaining. Conveniently located near shopping, dining, schools, and major freeways, this property offers excellent rental potential and long-term value, making it an outstanding opportunity whether you're looking for your next home or a smart investment. Don't miss the chance to own this versatile West Phoenix property!

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 $256,152. 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
Bathrooms3
Square feet1,374
Property typeSingle Family
MLS #6992333
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)
$534/mo
Source est. payment (PITI)
$872/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$256,152

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

$0$256,152
Additional funds needed$0

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