Properties / 3741 W MORELAND Street
FHA ASSUMABLERate: 5.23%

3741 W MORELAND Street

$299,000
Phoenix, AZ 85009
4 beds2 baths1,078 sqftSingle Family
The assumable advantage
5.23%
FHA assumed rate
$71,584 interest already paid off
Estimated Loan Balance$321,284
Cash to close$0
Est. Monthly PITI$2,351
Initial Loan Amount$338,751
Time on site47 days
Remaining Term25 years, 11 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

Beautifully updated 4 bed, 2 bath home just minutes from the I-10! This move-in-ready property features a newer roof and a spacious layout with tile in high-traffic areas. The large family room offers plenty of space for gatherings, and the low-maintenance yard is a blank canvas for your personal touch. Located in a quiet neighborhood with no HOA, this home is ideal for first-time buyers or investors looking for a solid rental opportunity. Come see it today!

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

Bedrooms4
Bathrooms2
Square feet1,078
Property typeSingle Family
MLS #6955945
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)
$1,889/mo
Source est. payment (PITI)
$2,351/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.