Properties / 2922 N 39TH Avenue W
FHA ASSUMABLERate: 6.79%

2922 N 39TH Avenue W

$400,000
Phoenix, AZ 85019
3 beds2 baths1,650 sqftSingle Family
The assumable advantage
6.79%
FHA assumed rate
$73,679 interest already paid off
Estimated Loan Balance$336,717
Cash to close$63,283
Est. Monthly PITI$2,622
Initial Loan Amount$348,570
Time on site12 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$63,283
Cash or secondary financing
Monthly savings
$86
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Beautifully maintained and remodeled in 2023, this single-story with RV GATE offers inviting curb appeal, a functional layout, and flexible living spaces throughout. The front and backyard feature fresh grass with an irrigation system, creating a clean and welcoming outdoor setting.The converted garage is currently used as a fourth bedroom and includes generous closet space, providing a comfortable option for guests, family, or additional living space. The home also features a separate den/bonus room with multiple possibilities, including a home office, playroom, media room, or flex space. With its well-kept condition, attractive curb appeal, updated interior, and versatile floor plan, this home is ready for its next owner. Conveniently located near shopping, dining, major roadways.

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 $63,283. 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 feet1,650
Property typeSingle Family
MLS #7073294
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)
$2,273/mo
Source est. payment (PITI)
$2,622/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$63,283

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

$0$63,283
Additional funds needed$0

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