Properties / 36203 W SAN ALVAREZ Avenue W
FHA ASSUMABLERate: 6.34%

36203 W SAN ALVAREZ Avenue W

$385,000
Maricopa, AZ 85138
4 beds3 baths2,371 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$68,185 interest already paid off
Estimated Loan Balance$325,620
Cash to close$60,515
Est. Monthly PITI$2,578
Initial Loan Amount$337,301
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$59,380
Cash or secondary financing
Monthly savings
$164
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Current interest rate may be assumable. Like-new and inviting, this 4-bedroom, 2.5-bath home in the Tortosa Subdivision offers an open floor plan designed for both everyday living and entertaining. The gourmet kitchen is the heart of the home with granite countertops, abundant cabinetry, stainless steel appliances, a walk-in pantry, and a large island. The primary suite is thoughtfully separated from the secondary bedrooms and features a walk-in closet and an ensuite with dual granite sinks. Inside, 9-foot ceilings and abundant natural light create a bright, spacious feel throughout. Enjoy a large backyard with a covered patio and plenty of space to gather, garden, or create your own private oasis. With space, convenience and style this home is 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 $59,380. 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 feet2,371
Property typeSingle Family
MLS #7043040
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)
$2,106/mo
Source est. payment (PITI)
$2,578/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$59,380

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

$0$59,380
Additional funds needed$0

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