Properties / 4961 W EL CAMINITO Drive
FHA ASSUMABLERate: 7.44%

4961 W EL CAMINITO Drive

$399,000
Glendale, AZ 85302
3 beds2 baths1,770 sqftSingle Family
The assumable advantage
7.44%
FHA assumed rate
$60,409 interest already paid off
Estimated Loan Balance$300,970
Cash to close$98,307
Est. Monthly PITI$2,577
Initial Loan Amount$308,302
Time on site39 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$98,030
Cash or secondary financing
Monthly savings
$206
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Super charming block-built home with fantastic curb appeal, highlighted by an inviting green lawn that creates a warm welcome from the moment you arrive. Inside, you'll find a neutral color palette with a blend of tile flooring and updated laminate flooring, offering both style and easy maintenance. The cozy family room is anchored by a beautiful brick fireplace, creating the perfect space to relax or gather with friends and family. Step outside to enjoy your own backyard retreat featuring a sparkling PebbleTec pool, ideal for cooling off on warm Arizona days. Thoughtful updates include newer windows, a roof that's approximately 10 years old, and an A/C system that's just 2 years old, providing added comfort and peace of mind. This well-maintained home offers timeless charm, function updates, and a welcoming atmosphere you'll love coming home to.

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 $98,030. 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 feet1,770
Property typeSingle Family
MLS #7061804
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)
$2,147/mo
Source est. payment (PITI)
$2,577/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$98,030

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

$0$98,030
Additional funds needed$0

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