Properties / 3502 W NORTHVIEW Avenue
FHA ASSUMABLERate: 6.43%

3502 W NORTHVIEW Avenue

$389,900
Phoenix, AZ 85051
3 beds2 baths1,980 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$70,083 interest already paid off
Estimated Loan Balance$339,353
Cash to close$52,474
Est. Monthly PITI$2,590
Initial Loan Amount$350,533
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$50,547
Cash or secondary financing
Monthly savings
$84
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to this spacious corner-lot home offering endless potential! Featuring 3 bedrooms, 2 bathrooms, and a versatile bonus room perfect for an office,playroom, or guest space. Enjoy the convenience of an indoor laundry room and an RV gate for extra parking or storage. Step outside to your private pool-ideal for those hot summer days in Phoenix! This home has plenty of space inside and out and it's ready for its new owner to make it their own. A great opportunity you don't want to miss!

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 $50,547. 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 feet1,980
Property typeSingle Family
MLS #7014634
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)
$2,215/mo
Source est. payment (PITI)
$2,590/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$50,547

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

$0$50,547
Additional funds needed$0

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