Properties / 3916 W NORTHERN Avenue
FHA ASSUMABLERate: 2.9%

3916 W NORTHERN Avenue

$369,000
Phoenix, AZ 85051
3 beds2 baths1,560 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$39,791 interest already paid off
Estimated Loan Balance$268,764
Cash to close$100,833
Est. Monthly PITI$1,725
Initial Loan Amount$299,475
Time on site40 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$100,236
Cash or secondary financing
Monthly savings
$924
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Welcome to this well-maintained 3-bedroom, 2-bath home featuring owned solar panels for added energy efficiency, a refreshing private pool, and a versatile bonus room with its own private entrance--perfect for guests, a home office, or multi-generational living. Inside, you'll find beautiful tile flooring throughout the main living areas and a functional layout designed for comfortable living. Step outside to enjoy a spacious backyard with plenty of room for entertaining, relaxing, or creating your own outdoor retreat. This home offers the perfect combination of comfort, flexibility, and energy savings. Don't miss the opportunity to make this exceptional property your next home!

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 $100,236. 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 feet1,560
Property typeSingle Family
MLS #7061532
CountyMaricopa County
Assumable loanFHA
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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
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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)
$1,252/mo
Source est. payment (PITI)
$1,725/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$100,236

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

$0$100,236
Additional funds needed$0

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