Properties / 3844 W CARIBBEAN Lane
FHA ASSUMABLERate: 6.65%

3844 W CARIBBEAN Lane

$355,000
Phoenix, AZ 85053
3 beds2 baths1,250 sqftSingle Family
The assumable advantage
6.65%
FHA assumed rate
$75,294 interest already paid off
Estimated Loan Balance$324,530
Cash to close$30,102
Est. Monthly PITI$2,581
Initial Loan Amount$337,769
Time on site0 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$30,470
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

Charming residence situated within the Valley Villa neighborhood! Experience a nostalgic mid-century style curb appeal with a desirable open floor plan, complemented by contemporary touches such as wood-look flooring, designer color palettes, and recessed lighting. The kitchen features shaker cabinets, quartz countertops, and SS appliances. The primary suite has a private bath. The spacious laundry room allows abundant storage options. The backyard is a blank canvas, perfect for creating your dream outdoor oasis, with plenty of space for a pool and effortless entertaining. Walking distance to schools and parks, close to markets, minutes from ASU West Valley Campus, major medical centers, and easy access to I-17. This home blends convenience, comfort, and style. Don't miss this 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 $30,470. 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 feet1,250
Property typeSingle Family
MLS #7080099
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$2,168/mo
Source est. payment (PITI)
$2,581/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$30,470

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

$0$30,470
Additional funds needed$0

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