Properties / 8304 N 55th Avenue
FHA ASSUMABLERate: 6.64%

8304 N 55th Avenue

$429,900
Glendale, AZ 85302
4 beds2 baths1,624 sqftSingle Family
The assumable advantage
6.64%
FHA assumed rate
$65,873 interest already paid off
Estimated Loan Balance$391,955
Cash to close$38,768
Est. Monthly PITI$3,062
Initial Loan Amount$402,229
Time on site35 days
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$37,945
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

Beautifully updated 4-bedroom, 2-bath corner home with a 2-car garage, extra storage, and an extra-long driveway. Bright open-concept floor plan featuring a spacious living area and a stunning kitchen with white shaker cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, pantry, and under mount sink. Upgrades include dual-pane windows and sliding doors, newer garage door, recessed LED lighting, raised-panel doors, updated trim, wood-look luxury plank flooring, remodeled bathrooms, 2-inch blinds, and ceiling fans throughout. The primary suite offers a walk-in closet, remodeled en suite bath, and private patio access. Covered patio with extended pavers is perfect for entertaining. Conveniently located near parks, shopping, dining, schools, and freeway access.

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 $37,945. 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
Bathrooms2
Square feet1,624
Property typeSingle Family
MLS #7063773
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)
$2,585/mo
Source est. payment (PITI)
$3,062/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$37,945

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

$0$37,945
Additional funds needed$0

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