Properties / 3743 E MARMORA Street
FHA ASSUMABLERate: 3.76%

3743 E MARMORA Street

$434,950
Phoenix, AZ 85032
3 beds2 baths1,208 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$71,131 interest already paid off
Estimated Loan Balance$410,461
Cash to close$25,275
Est. Monthly PITI$2,674
Initial Loan Amount$446,758
Time on site31 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$24,489
Cash or secondary financing
Monthly savings
$485
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Investor special in desirable Paradise Valley Village! This 3-bed, 2-bath, 1,208 SqFt home sits on an oversized 11,299 SqFt lot and is being sold AS-IS. The property needs cosmetic updating throughout, offering strong value-add potential. Renovate the existing home to capitalize on nearby renovated comps, expand the current footprint, or explore redevelopment opportunities on the oversized lot. Multiple exit strategies with significant upside in an established Phoenix neighborhood.

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 $24,489. 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 feet1,208
Property typeSingle Family
MLS #7065109
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)
$2,080/mo
Source est. payment (PITI)
$2,674/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$24,489

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

$0$24,489
Additional funds needed$0

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