Properties / 2637 S OLYMPIC Drive
VA ASSUMABLERate: 6.5%

2637 S OLYMPIC Drive

$645,000
Gilbert, AZ 85295
3 beds3 baths1,862 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$14,684 interest already paid off
Estimated Loan Balance$541,671
Cash to close$103,828
Est. Monthly PITI$3,767
Initial Loan Amount$543,152
Time on site42 days
Remaining Term29 years, 7 months
Seller's equity (what you pay)
$103,329
Cash or secondary financing
Monthly savings
$365
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

If a newer home with an open layout and extra flexibility is high on your wish list, this Cooley Station property deserves a closer look. Built in 2022, the split floor plan offers three bedrooms plus a private office, while the kitchen, dining, and living areas come together in one inviting space. Natural wood cabinetry, quartz countertops, a neutral backsplash, wood-plank tile, and a large eat-in island add warmth and character throughout. Out back, a covered patio and artificial turf create an easy place to relax, while the HOA maintains the turf landscaping out front. Enjoy two community pools, numerous parks and walking trails, with shopping and dining nearby--all just minutes from the Loop 202, Verde at Cooley Station, and SanTan Village.

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 $103,329. 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

Bedrooms3
Bathrooms3
Square feet1,862
Property typeSingle Family
MLS #7060400
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)
$3,439/mo
Source est. payment (PITI)
$3,767/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$103,329

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

$0$103,329
Additional funds needed$0

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