Properties / 1833 W CITRUS Way
FHA ASSUMABLERate: 4.19%

1833 W CITRUS Way

$375,000
Phoenix, AZ 85015
3 beds2 baths1,923 sqftSingle Family
The assumable advantage
4.19%
FHA assumed rate
$59,324 interest already paid off
Estimated Loan Balance$99,983
Cash to close$277,118
Est. Monthly PITI$994
Initial Loan Amount$132,275
Time on site50 days
Remaining Term17 years, 11 months
Seller's equity (what you pay)
$275,017
Cash or secondary financing
Monthly savings
$1,549
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

**BRAND NEW 5 ton HVAC unit, **Brand New Water Heater and Roof Recoated, all done in May 2026!!...Welcome to Continental Villas! This spacious single-level 3 bedroom, 2 bath townhome has been recently updated! The welcoming interior with fresh paint features a blend of wood-look & tile flooring, ceiling fans, sky lights and plantation shutters. The living/dining room and the large great room are made for entertaining. The updated kitchen features plenty of soft close cabinets and doors, stainless steel appliances, mosaic tile backsplash, a breakfast bar, quartz counters, and a handy pantry. Comfy primary bedroom with en-suite. Guest bathroom features updated vanity with dual sinks. The Arizona room with double French doors room leads you to a large patio with storage shed Community features 2 pools, recreation center and meticulous landscaping. Just a short walk to Washington Park, close to shopping, restaurants and bars. Unit faces a large green space with lush mature trees. This gem is ready to move in and enjoy...Low HOA fees, indoor laundry, two dedicated covered parking spaces in rear of unit. BRING YOUR OFFERS!!

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 $275,017. 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 feet1,923
Property typeSingle Family
MLS #6972731
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)
$662/mo
Source est. payment (PITI)
$994/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$275,017

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

$0$275,017
Additional funds needed$0

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