Properties / 2516 W HIDALGO Avenue
FHA ASSUMABLERate: 6.31%

2516 W HIDALGO Avenue

$450,000
Phoenix, AZ 85041
5 beds3 baths1,949 sqftSingle Family
The assumable advantage
6.31%
FHA assumed rate
$90,181 interest already paid off
Estimated Loan Balance$390,037
Cash to close$59,963
Est. Monthly PITI$3,176
Initial Loan Amount$407,473
Time on site18 days
Remaining Term26 years, 6 months
Seller's equity (what you pay)
$59,963
Cash or secondary financing
Monthly savings
$126
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome to this beautiful, spacious single-level home in Liberty! Its charm starts with a 2-car garage and a well-manicured landscape. The fabulous interior showcases tons of natural light, recessed lighting, a neutral palette, tile flooring in common areas, and soft carpet in bedrooms. Enjoy the seamlessly flowing open layout, perfect for everyday living & entertaining! The impressive kitchen boasts SS appliances, granite counters, a pantry, white shaker cabinetry w/crown molding, and a peninsula w/breakfast bar. Enter the double-door primary bedroom to find an ensuite with a dual granite vanity & a walk-in closet. If you want to relax or enjoy BBQ, the backyard awaits! A covered patio, artificial turf, string lights, & an additional seating area complete the picture. Make this gem yours!

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 $59,963. 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
Bathrooms3
Square feet1,949
Property typeSingle Family
MLS #7070496
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)
$2,528/mo
Source est. payment (PITI)
$3,176/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$59,963

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

$0$59,963
Additional funds needed$0

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