Properties / 9221 N 48TH Drive
FHA ASSUMABLERate: 6.9%

9221 N 48TH Drive

$410,000
Glendale, AZ 85302
3 beds2 baths1,970 sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$95,858 interest already paid off
Estimated Loan Balance$366,196
Cash to close$47,341
Est. Monthly PITI$3,014
Initial Loan Amount$378,026
Time on site50 days
Remaining Term26 years, 4 months
Seller's equity (what you pay)
$43,804
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

A Chef's Dream! At the center of this wonderful 3 bedroom 2 bath home is the kitchen usually only found in million dollar homes. Built in double ovens, huge built in refrigerator, large island with high end cook top beneath the 1st class exhaust hood, all surrounded in custom cabinetry and finished with granite counter tops. Off the kitchen through the French doors is a large room serving as an office. The large primary bedroom features a walk in closet and an alcove off the private bathroom perfect for a make up retreat, cozy office space or even nursery/crib room. The backyard features lush green synthetic grass, an RV gate, a large storage room/workshop and an enclosure that once had a large jacuzzi with a private patio area between. You will fall in love with this place!

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 $43,804. 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 feet1,970
Property typeSingle Family
MLS #6943096
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)
$2,517/mo
Source est. payment (PITI)
$3,014/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$43,804

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

$0$43,804
Additional funds needed$0

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