Properties / 5015 W VERNON Avenue
FHA ASSUMABLERate: 4.17%

5015 W VERNON Avenue

$349,900
Phoenix, AZ 85035
4 beds2 baths1,930 sqftSingle Family
The assumable advantage
4.17%
FHA assumed rate
$65,727 interest already paid off
Estimated Loan Balance$351,721
Cash to close$671
Est. Monthly PITI$2,411
Initial Loan Amount$378,026
Time on site50 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$205
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Spacious 4-bedroom, 2-bath home in Braewood Estates offers an open kitchen with granite countertops, laminate flooring throughout, and an inside laundry room. Outside, enjoy a large backyard with a covered patio for outdoor dining and gatherings. The home is close to Desert West Park and Community Center amenities, including sports courts, playgrounds, and picnic areas. and offers convenient access to shopping, dining, and access to major freeways.

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 $0. 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 feet1,930
Property typeSingle Family
MLS #7025690
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)
$1,858/mo
Source est. payment (PITI)
$2,411/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.