Properties / 3902 W VILLA THERESA Drive
FHA ASSUMABLERate: 3.1%

3902 W VILLA THERESA Drive

$427,000
Glendale, AZ 85308
4 beds2 baths1,983 sqftSingle Family
The assumable advantage
3.1%
FHA assumed rate
$54,056 interest already paid off
Estimated Loan Balance$354,417
Cash to close$72,583
Est. Monthly PITI$2,205
Initial Loan Amount$392,755
Time on site22 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$72,583
Cash or secondary financing
Monthly savings
$837
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Gorgeous 4 bedroom and an office home. Office can be converted to a 5th bedroom or keep it as an office space and work from home. Open Kitchen layout, eat in kitchen and plenty of room for large couch and oversized T.V. Additional seating area for lounging or make it a movie room. Large master suite with new sliding glass double pane patio doors. Bathroom in master has double sinks and two closets. Second bathroom is remodeled and updated. Large corner lot with RV gates. This is a great location and has an oversized lot. Solar panels are paid for but will transfer with no warranty. They work and current homeowner pays $30 per month in utility bill.

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 $72,583. 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 feet1,983
Property typeSingle Family
MLS #7068922
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)
$1,681/mo
Source est. payment (PITI)
$2,205/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$72,583

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

$0$72,583
Additional funds needed$0

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