Properties / 16806 S 37TH Way
FHA ASSUMABLERate: 6.82%

16806 S 37TH Way

$589,000
Phoenix, AZ 85048
3 beds3 baths2,469 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$93,694 interest already paid off
Estimated Loan Balance$526,268
Cash to close$64,332
Est. Monthly PITI$4,181
Initial Loan Amount$539,056
Time on site50 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$62,732
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

Welcome to this beautifully maintained 3 bedroom, 2.5-bath home in Lakewood offering a spacious layout, soaring ceilings, and tasteful updates throughout. Step inside to find wood-look tile flooring, abundant natural light, and an open-concept design that creates a warm and inviting atmosphere. The kitchen features granite countertops, white cabinetry, stainless steel appliances, a breakfast bar, and ample storage, opening seamlessly to the dining area and family room with a cozy fireplace. The flexible floor plan provides plenty of space for everyday living, entertaining, or working from home. Upstairs, the primary suite offers a beautifully remodeled bathroom with dual sinks, designer tile flooring, a freestanding soaking tub, and a custom walk-in closet system. Additional bedrooms provide generous space for family, guests, or hobbies. Outside, the oversized backyard offers endless possibilities to create your dream outdoor retreat with plenty of room for a pool, play area, garden, or entertaining space. The covered patio provides a great place to relax and enjoy Arizona's beautiful weather. Conveniently located near shopping, dining, parks, schools, and major freeway access, this move-in-ready home combines comfort, style, and opportunity.

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 $62,732. 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 feet2,469
Property typeSingle Family
MLS #7038143
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)
$3,536/mo
Source est. payment (PITI)
$4,181/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$62,732

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

$0$62,732
Additional funds needed$0

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