Properties / 10243 W READE Avenue
FHA ASSUMABLERate: 3.05%

10243 W READE Avenue

$395,000
Glendale, AZ 85307
3 beds2 baths1,535 sqftSingle Family
The assumable advantage
3.05%
FHA assumed rate
$18,849 interest already paid off
Estimated Loan Balance$127,506
Cash to close$267,801
Est. Monthly PITI$1,019
Initial Loan Amount$142,432
Time on site29 days
Remaining Term23 years, 6 months
Seller's equity (what you pay)
$267,494
Cash or secondary financing
Monthly savings
$1,695
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

VAULTED CEILINGS, NEW PORCELAIN TILE FLOORING, 2023 ROOF & ASSUMABLE SOLAR LOAN! This Glendale home features new porcelain tile flooring throughout & a bright, open main living area highlighted by vaulted ceilings & a cozy wood-burning fireplace. The spacious kitchen offers new countertops, stainless steel appliances, an abundance of cabinetry & backyard access, while the separate dining area just off the entry provides additional space for everyday meals or entertaining. The split primary suite includes an attached ensuite with a new tub, while two secondary bedrooms share a full bath featuring a new vanity. Additional interior updates include new toilets & bathroom storage, plus new ceiling fans & light fixtures throughout. Outside, the backyard is ready to enjoy or personalize, complete with a covered patio, separate open-air patio with a firepit, block fencing, & plenty of room to customize. Additional features include solar with an assumable loan, a 2023 roof, & a new garage door opener. Enjoy easy access to the nearby community park via a neighborhood walkway, along with walking paths, shopping, dining, elementary schools, & convenient access to Loop 101 & I-10.

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 $267,494. 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 feet1,535
Property typeSingle Family
MLS #7062013
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)
$634/mo
Source est. payment (PITI)
$1,019/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$267,494

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

$0$267,494
Additional funds needed$0

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