Properties / 1902 N 41ST Avenue
FHA ASSUMABLERate: 6.26%

1902 N 41ST Avenue

$339,900
Phoenix, AZ 85009
3 beds2 baths1,516 sqftSingle Family
The assumable advantage
6.26%
FHA assumed rate
$75,717 interest already paid off
Estimated Loan Balance$355,480
Cash to close$0
Est. Monthly PITI$2,669
Initial Loan Amount$370,171
Time on site42 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$0
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 to this charming corner-lot residence in West Phoenix! Featuring 3 beds, 2 baths, a spacious front lawn, and plenty of off-street parking. The interior boasts a semi-open floor plan paired with a neutral palette, abundant natural light, recessed lighting, and tile floors t/out. The eat-in kitchen has a pantry, SS refrigerator, ample cabinetry, quartz counters, mosaic tile backsplash, and a peninsula w/breakfast bar. The main bedroom includes a walk-in closet and a private bathroom for added comfort. Outside, the large backyard offers a pergola, shade tree, gazebo, workshop w/AC, and a full-length covered patio w/attached storage. With your creative ideas, you can make it a complete outdoor living space. Easy access to I-10 and close to shopping, restaurants, & more. Move-in ready!

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 $0. 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 feet1,516
Property typeSingle Family
MLS #7060883
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)
$2,287/mo
Source est. payment (PITI)
$2,669/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.