Properties / 2426 W WELDON Avenue
FHA ASSUMABLERate: 4.08%

2426 W WELDON Avenue

$375,000
Phoenix, AZ 85015
4 beds3 baths1,734 sqftSingle Family
The assumable advantage
4.08%
FHA assumed rate
$58,197 interest already paid off
Estimated Loan Balance$111,017
Cash to close$264,302
Est. Monthly PITI$1,079
Initial Loan Amount$144,499
Time on site17 days
Remaining Term19 years
Seller's equity (what you pay)
$263,983
Cash or secondary financing
Monthly savings
$1,510
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

This home 4 bedroom 3 bath home is located in a quiet neighborhood with no HOA, this home offers plenty of space and a functional floor plan. Tile flooring and neutral paint run throughout much of the home. The kitchen features granite countertops, stainless steel appliances, including a gas stove and refrigerator, and opens to a spacious dining area with room for family dinners and gatherings. With 4 bedrooms, 3 bathrooms, and a bonus room, there's flexibility for a home office, playroom, or hobby space. Ceiling fans are located throughout the home for added comfort. The primary bedroom is generously sized and has direct access to the backyard. One secondary bedroom includes its own private bathroom, making it a great option for guests or extended family. A large storage shed in the b

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 $263,983. 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 feet1,734
Property typeSingle Family
MLS #7062885
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)
$701/mo
Source est. payment (PITI)
$1,079/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$263,983

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

$0$263,983
Additional funds needed$0

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