Properties / 5838 N 48TH Avenue
FHA ASSUMABLERate: 6.16%

5838 N 48TH Avenue

$194,499
Glendale, AZ 85301
2 beds2 baths972 sqftSingle Family
The assumable advantage
6.16%
FHA assumed rate
$7,957 interest already paid off
Estimated Loan Balance$194,037
Cash to close$1,420
Est. Monthly PITI$1,466
Initial Loan Amount$194,413
Time on site50 days
Remaining Term29 years, 5 months
Seller's equity (what you pay)
$462
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

Welcome home to this beautifully updated 2-bedroom, 1.5-bath townhome located in a desirable community! This move-in-ready property features an updated kitchen with modern finishes and refreshed bathrooms that blend style and functionality. The spacious layout offers comfortable living areas filled with natural light. Step outside to your own cozy pavered patio--perfect for relaxing, entertaining, or enjoying Arizona evenings. Conveniently located just minutes from Westgate Entertainment District and State Farm Stadium, you'll have easy access to premier dining, shopping, and entertainment. Whether you're a first-time buyer, downsizing, or looking for a great investment opportunity, this townhome offers the perfect combination of comfort, convenience, and location. Don't miss out!

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 $462. 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 feet972
Property typeSingle Family
MLS #7013201
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,192/mo
Source est. payment (PITI)
$1,466/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$462

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

$0$462
Additional funds needed$0

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