Properties / 2052 W MARLETTE Avenue
FHA ASSUMABLERate: 3.06%

2052 W MARLETTE Avenue

$430,000
Phoenix, AZ 85015
4 beds2 baths1,845 sqftSingle Family
The assumable advantage
3.06%
FHA assumed rate
$56,615 interest already paid off
Estimated Loan Balance$333,558
Cash to close$99,392
Est. Monthly PITI$2,084
Initial Loan Amount$373,117
Time on site50 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$96,442
Cash or secondary financing
Monthly savings
$933
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

SELLER INCENTIVE: Offering $10,000 in Flex Spending! Buyers can use this towards a mortgage rate buy down or to cover closing costs as allowed by buyer's lender. This will significantly lower out-of-pocket expenses. Bring us an offer! This home checks all the boxes - 4bd. CHECK. 2ba. CHECK. Central Phoenix. CHECK. No HOA & No Expensive HOA Fees. CHECK. Updated Home. CHECK. Under $430K. CHECK. This home is an ideal match for growing households or new buyers looking to stop paying rent and start owning a home. The refrigerator, washer, and dryer all stay with the property, making your move seamless. Situated close to the renowned Phoenix Tennis Center. This is a great opportunity to own an updated, character-filled home in a prime location with no association strings attached.

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 $96,442. 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 feet1,845
Property typeSingle Family
MLS #7024849
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)
$1,603/mo
Source est. payment (PITI)
$2,084/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$96,442

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

$0$96,442
Additional funds needed$0

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