Properties / 6411 W VERDE Lane
FHA ASSUMABLERate: 3.45%

6411 W VERDE Lane

$345,000
Phoenix, AZ 85033
3 beds2 baths2,004 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$48,195 interest already paid off
Estimated Loan Balance$206,689
Cash to close$140,148
Est. Monthly PITI$1,553
Initial Loan Amount$235,653
Time on site50 days
Remaining Term23 years, 9 months
Seller's equity (what you pay)
$138,311
Cash or secondary financing
Monthly savings
$972
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Brick construction home featuring a diving pool and a huge lot in a charming neighborhood, offering exceptional value at this price point. Sold as-is, the property does need some TLC, but it presents a strong opportunity for buyers looking to renovate, update, and build equity. The solid structure, spacious lot size, and desirable pool create a great foundation for improvement and future upside. Ideal for investors or owner-occupants with vision, this home stands out as a promising opportunity with plenty of potential.

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 $138,311. 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
Bathrooms2
Square feet2,004
Property typeSingle Family
MLS #7028562
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)
$1,063/mo
Source est. payment (PITI)
$1,553/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$138,311

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

$0$138,311
Additional funds needed$0

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