Properties / 16574 W COTTONWOOD Street
VA ASSUMABLERate: 4.17%

16574 W COTTONWOOD Street

$354,999
Surprise, AZ 85388
4 beds3 baths1,969 sqftSingle Family
The assumable advantage
4.17%
VA assumed rate
$76,706 interest already paid off
Estimated Loan Balance$174,866
Cash to close$181,009
Est. Monthly PITI$1,298
Initial Loan Amount$214,515
Time on site50 days
Remaining Term20 years, 8 months
Seller's equity (what you pay)
$180,133
Cash or secondary financing
Monthly savings
$1,041
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Fantastic two-story home in Northwest Ranch. 4 beds, 2 baths + powder room, 2-car garage, and mature landscape. Enter to find a seamlessly flowing living & dining room with a vaulted ceiling and continue to the family room that opens to the kitchen with built-in appliances, a pantry, ample wood cabinetry, and a breakfast area. All bedrooms await upstairs, where one was originally a loft and can easily be converted back. Lastly, check out the spacious backyard, where you can relax or enjoy a BBQ. A covered patio, lush lawn, & storage shed complete the picture. Easy freeway access and close to everyday amenities!

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $180,133. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms4
Bathrooms3
Square feet1,969
Property typeSingle Family
MLS #7049520
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
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)
$1,053/mo
Source est. payment (PITI)
$1,298/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$180,133

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

$0$180,133
Additional funds needed$0

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