Properties / 5430 S 35TH Avenue
FHA ASSUMABLERate: 3.16%

5430 S 35TH Avenue

$270,000
Phoenix, AZ 85041
3 beds1 baths900 sqftSingle Family
The assumable advantage
3.16%
FHA assumed rate
$33,920 interest already paid off
Estimated Loan Balance$164,741
Cash to close$106,014
Est. Monthly PITI$1,134
Initial Loan Amount$188,522
Time on site50 days
Remaining Term24 years
Seller's equity (what you pay)
$105,259
Cash or secondary financing
Monthly savings
$775
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

NO HOA!! Welcome home to this beautifully maintained property where pride of ownership shines throughout! Fresh exterior paint enhances the home's curb appeal, while the inviting eat-in kitchen features a stunning floor-to-ceiling stone-look tile backsplash, ample cabinetry, and stylish finishes. The spacious primary suite offers a walk-in closet for added comfort. Outside, enjoy the extended paver driveway and lush grassy front yard with a mature Ficus tree.

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 $105,259. 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
Bathrooms1
Square feet900
Property typeSingle Family
MLS #7051673
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)
$817/mo
Source est. payment (PITI)
$1,134/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$105,259

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

$0$105,259
Additional funds needed$0

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