Properties / 3421 W PERSHING Avenue
FHA ASSUMABLERate: 2.9%

3421 W PERSHING Avenue

$448,000
Phoenix, AZ 85029
3 beds2 baths1,700 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$25,916 interest already paid off
Estimated Loan Balance$167,244
Cash to close$281,178
Est. Monthly PITI$1,222
Initial Loan Amount$190,093
Time on site34 days
Remaining Term23 years
Seller's equity (what you pay)
$280,756
Cash or secondary financing
Monthly savings
$1,811
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Welcome home to this beautifully updated 1,700 square foot single-story property featuring 3 bedrooms, 2 bathrooms, a 2-car garage, RV gate, and a fully enclosed Arizona Room. Thoughtful updates throughout create a clean, modern feel with contemporary colors, updated finishes, and a truly move-in-ready appearance. Major improvements include a roof approximately 10 years old, HVAC approximately 6 years old, windows replaced in 2019, and fresh interior and exterior paint. The spacious floor plan also includes an inside laundry room with direct backyard access. The location offers even more to look forward to with the massive redevelopment of the former Metrocenter Mall property nearby. Now planned as The Metropolitan, this approximately $925 million mixed-use redevelopment is expected to tra The development is also directly connected to Valley Metro light rail, creating convenient access to other parts of Phoenix. With major investment and redevelopment taking place nearby, this home offers an opportunity to own an updated single-story property in an established Phoenix neighborhood while being close to one of the area's most significant redevelopment projects. BONUS: The enclosed Arizona Room provides valuable additional space that can easily be used for hobbies, crafting, a home office, workout area, or whatever best fits your needs.

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 $280,756. 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 feet1,700
Property typeSingle Family
MLS #7064350
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)
$831/mo
Source est. payment (PITI)
$1,222/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$280,756

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

$0$280,756
Additional funds needed$0

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