Properties / 4013 E INDIANOLA Avenue
FHA ASSUMABLERate: 5.38%

4013 E INDIANOLA Avenue

$779,000
Phoenix, AZ 85018
3 beds2 baths1,406 sqftSingle Family
The assumable advantage
5.38%
FHA assumed rate
$140,800 interest already paid off
Estimated Loan Balance$614,668
Cash to close$170,507
Est. Monthly PITI$4,486
Initial Loan Amount$647,200
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$164,332
Cash or secondary financing
Monthly savings
$926
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Stunning three-bedroom, two-bath Arcadia Lite home featuring a highly desired split-floor plan, backyard with a large private pool, classic front patio, and two covered carports. Offering the perfect blend of mid-century modern and contemporary, the home is complete with a bright main living space that flows seamlessly into the spacious kitchen with breakfast bar, serving bar, upgraded appliances, abundant storage, and generous countertop space. The formal dining room and attached laundry room lead out to the backyard. Ideal for everyday living or entertaining! The primary bedroom suite has been fully remodeled and boasts luxury vinyl plank flooring, a large walk-in closet, white hexagon porcelain mosaic floor tile in the primary bathroom, dual vanity with Carrara cultured marble top, designer lighting, walk-in shower feat. glazed ceramic wall shower tile, and elegant brushed gold finishes throughout. Two generously sized secondary bedrooms are split from the primary suite and share an updated and remodeled bathroom featuring a shower/ tub combo, herringbone ceramic subway shower tile, matte black finishes, designer vanity with engineered stone top, and black-and-white mosaic tile flooring. Addtl. recent updates include a new HVAC system in 2023, partial roof update in 2020, pool refinishing in 2022, and a pool safety-netting system installed in 2024. Located in one of the Arcadia Lite most sought-after neighborhoods. Walk out your front door to The Porch, The Original Arcadia Tavern, The Vig, and all of the area's hot spots. A must see!

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 $164,332. 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
Bathrooms2
Square feet1,406
Property typeSingle Family
MLS #6980412
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)
$3,668/mo
Source est. payment (PITI)
$4,486/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$164,332

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

$0$164,332
Additional funds needed$0

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