Properties / 3646 S 97TH Lane
FHA ASSUMABLERate: 6.6%

3646 S 97TH Lane

$389,000
Tolleson, AZ 85353
3 beds2 baths1,665 sqftSingle Family
The assumable advantage
6.6%
FHA assumed rate
$64,884 interest already paid off
Estimated Loan Balance$387,969
Cash to close$1,031
Est. Monthly PITI$3,098
Initial Loan Amount$398,636
Time on site9 days
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$1,031
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

Move-In Ready NOW!! with Mountain Views! This beautiful newer 3-bedroom, 2-bath home is loaded with upgrades and ideally located in the desirable West Valley. Step inside to 9' ceilings, white shaker cabinets, Shaw 17x17 tile, upgraded granite countertops, and Whirlpool stainless steel appliances. Energy-efficient features include Low-E dual-pane windows and a WiFi programmable thermostat. The primary suite offers a spacious walk-in closet. Outside, enjoy desert landscaping, a covered patio, private backyard, and spectacular mountain views! Community amenities include a greenbelt, neighborhood park, and playground. Conveniently located near Loop 202, schools, shopping, dining, and Estrella Mountain Regional Park. Better deal than a new build home. Make an appt to see before it's gone

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 $1,031. 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 feet1,665
Property typeSingle Family
MLS #7074323
CountyMaricopa County
Assumable loanFHA
Tour this home
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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)
$2,549/mo
Source est. payment (PITI)
$3,098/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$1,031

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

$0$1,031
Additional funds needed$0

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