Properties / 14003 N 53RD Drive
FHA ASSUMABLERate: 5.22%

14003 N 53RD Drive

$235,000
Glendale, AZ 85306
2 beds2 baths924 sqftSingle Family
The assumable advantage
5.22%
FHA assumed rate
$44,990 interest already paid off
Estimated Loan Balance$209,213
Cash to close$26,098
Est. Monthly PITI$1,557
Initial Loan Amount$221,906
Time on site21 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$25,787
Cash or secondary financing
Monthly savings
$161
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Wonderful just-remodeled Move-in ready Townhouse in a great location near ASU West Campus! This turnkey unit is in move-in condition and features fresh interior paint, beautiful wood-plank tile flooring downstairs, stainless steel appliances, quartz kitchen countertops, and remodeled bathrooms. Spacious bedrooms with great-size closets provide plenty of storage. Enjoy your own private covered front patio/courtyard, plus a good-size storage area. Additional upgrades. Two parking spaces are conveniently located directly in front of the unit. Community pool. Come and see it before is gone.

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 $25,787. 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

Bedrooms2
Bathrooms2
Square feet924
Property typeSingle Family
MLS #7069511
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)
$1,225/mo
Source est. payment (PITI)
$1,557/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$25,787

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

$0$25,787
Additional funds needed$0

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