Properties / 2001 W SURREY Avenue
FHA ASSUMABLERate: 3.76%

2001 W SURREY Avenue

$435,000
Phoenix, AZ 85029
3 beds2 baths2,100 sqftSingle Family
The assumable advantage
3.76%
FHA assumed rate
$62,997 interest already paid off
Estimated Loan Balance$371,604
Cash to close$65,515
Est. Monthly PITI$2,448
Initial Loan Amount$402,930
Time on site50 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$63,396
Cash or secondary financing
Monthly savings
$682
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Charming cul-de-sac home with a sparkling pool and no HOA! Discover the inviting living areas ready to bring you joy, showcasing wood-look floors, a cozy fireplace to add warmth, plenty of natural light, and two-tone paint. The kitchen is complete with crisp white cabinetry, tiled countertops, SS appliances, and an island, ideal for midnight snacks and meal prep. The den includes another fireplace, making it perfect for a TV area or workspace. The primary bedroom hosts a closet with mirrored doors and a private bathroom with double sinks for added convenience. Enjoy outdoor living in the backyard, featuring a pergola, perfect for gatherings, ample seating space, and a refreshing pool to enjoy sunny days! What's not to love? A/C is 3 years old, Pool recently replastered, and more updates!!

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 $63,396. 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 feet2,100
Property typeSingle Family
MLS #7049133
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)
$1,883/mo
Source est. payment (PITI)
$2,448/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$63,396

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

$0$63,396
Additional funds needed$0

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