Properties / 3901 W ELM Street
FHA ASSUMABLERate: 6.5%

3901 W ELM Street

$425,000
Phoenix, AZ 85019
5 beds2 baths1,817 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$24,750 interest already paid off
Estimated Loan Balance$414,226
Cash to close$11,168
Est. Monthly PITI$3,054
Initial Loan Amount$417,302
Time on site50 days
Remaining Term29 years, 2 months
Seller's equity (what you pay)
$10,774
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

5-bedroom home where modern design meets everyday comfort. From the moment you enter, you'll appreciate the bright, open living spaces enhanced by vaulted ceilings and thoughtful upgrades throughout. The completely redesigned kitchen serves as the heart of the home, featuring contemporary finishes, abundant cabinetry, and brand-new appliances ready for family gatherings and entertaining. The home's renovations extend beyond cosmetics, with updated bathrooms, a refreshed laundry area, new plumbing, and an upgraded electrical panel, offering the confidence of major system improvements. Every room has been carefully reimagined to provide a fresh, stylish, and functional living experience. Outside, the property offers the added convenience of an RV gate and a location that puts you just minu

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 $10,774. 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

Bedrooms5
Bathrooms2
Square feet1,817
Property typeSingle Family
MLS #7032641
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)
$2,643/mo
Source est. payment (PITI)
$3,054/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$10,774

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

$0$10,774
Additional funds needed$0

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