Properties / 5302 E VAN BUREN Street
VA ASSUMABLERate: 6.92%

5302 E VAN BUREN Street

$250,000
Phoenix, AZ 85008
1 beds1 baths598 sqftSingle Family
The assumable advantage
6.92%
VA assumed rate
$33,383 interest already paid off
Estimated Loan Balance$229,882
Cash to close$21,000
Est. Monthly PITI$1,750
Initial Loan Amount$234,000
Time on site50 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$20,118
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

Top-floor 1 bed, 1 bath condo with premium interior-facing views overlooking the community pool--one of the most desirable locations in the complex. Enjoy added privacy with no upstairs neighbors and a well-positioned setting. Open-concept layout with abundant natural light, functional kitchen with ample cabinetry, and a comfortable living space that flows to a private balcony--perfect for taking in the pool views. The bedroom offers generous closet space and an efficient layout for low-maintenance living. Community amenities may include pool, spa, fitness center, and gated access. Convenient to major freeways, Phoenix Sky Harbor, Downtown, and less than 10 minutes from Arizona State University.

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 $20,118. 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

Bedrooms1
Bathrooms1
Square feet598
Property typeSingle Family
MLS #7038490
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)
$1,552/mo
Source est. payment (PITI)
$1,750/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$20,118

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

$0$20,118
Additional funds needed$0

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