Properties / 15011 N 55TH Drive
FHA ASSUMABLERate: 7.02%

15011 N 55TH Drive

$575,000
Glendale, AZ 85306
3 beds3 baths1,812 sqftSingle Family
The assumable advantage
7.02%
FHA assumed rate
$87,150 interest already paid off
Estimated Loan Balance$529,979
Cash to close$49,007
Est. Monthly PITI$4,162
Initial Loan Amount$538,296
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$45,021
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

This stunning like-new home, built in 2024, offers modern living in a move-in ready space with 3 bedrooms plus a den and 2.5 baths across 1,812 square feet. The open great room layout seamlessly connects the living and dining areas to a beautifully designed kitchen featuring espresso maple cabinets with crown molding, granite countertops, stainless steel appliances, a walk-in pantry, and an island with breakfast bar and pendant lighting. The backyard is an entertainer's dream, complete with artificial turf and a putting green, a fenced pool, a pergola-covered outdoor kitchen, and a covered patio with ceiling fan for year-round enjoyment. The primary suite boasts an en-suite bath with dual sink vanity, oversized tiled shower with bench, and a spacious walk-in closet. Additional highlights include stacked stone exterior accents and a 2-car garage. Ideally located near Arizona Christian University, Cactus High School, shopping and dining venues, and just minutes from Loop 101, this home combines style, comfort, and convenience.

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 $45,021. 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
Bathrooms3
Square feet1,812
Property typeSingle Family
MLS #6959456
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)
$3,619/mo
Source est. payment (PITI)
$4,162/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$45,021

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

$0$45,021
Additional funds needed$0

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