Properties / 4616 N 94TH Lane
FHA ASSUMABLERate: 3.85%

4616 N 94TH Lane

$415,000
Phoenix, AZ 85037
4 beds3 baths2,435 sqftSingle Family
The assumable advantage
3.85%
FHA assumed rate
$51,455 interest already paid off
Estimated Loan Balance$290,155
Cash to close$125,393
Est. Monthly PITI$2,039
Initial Loan Amount$315,425
Time on site26 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$124,845
Cash or secondary financing
Monthly savings
$963
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Spacious Two-Story Home in Desirable West Valley Location. Luxury Vinyl, 18'' Tile, and Natural Stone Accents. Open Concept Gourmet Kitchen, Ample Storage, Walk-In Closets, Backyard Oasis that Boasts Over 900 Sq Ft of Covered Patios. This Fantastic Property is Waiting For You! Featuring Low-Maintenance Desert Landscaping and an Abundance of Shade. An RV Gate Provides Easy Access, and Space for All Your Toys. This 4-Bedroom, 2.5-Bath Model Includes an Office, Extra Loft, and Designer Decor Throughout. The Kitchen is a Cook's Paradise, with Contemporary Cabinetry, Stone Accents, and Plenty of Counter Space. Owner's Suite is a Relaxing Retreat with Individual Closets, Dual Sinks, Separate Shower, and Delightful Soaking Tub. A Must See! Take a Look Before It's Gone.

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 $124,845. 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 feet2,435
Property typeSingle Family
MLS #7067376
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)
$1,484/mo
Source est. payment (PITI)
$2,039/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$124,845

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

$0$124,845
Additional funds needed$0

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