Properties / 362 S SAN VICENTE Lane
VA ASSUMABLERate: 6.09%

362 S SAN VICENTE Lane

$462,500
Casa Grande, AZ 85194
5 beds3 baths2,535 sqftSingle Family
The assumable advantage
6.09%
VA assumed rate
$50,583 interest already paid off
Estimated Loan Balance$448,506
Cash to close$13,994
Est. Monthly PITI$3,157
Initial Loan Amount$457,913
Time on site15 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$13,994
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

Welcome home!! This charming single-story residence offers a warm, inviting feel with a spacious open-concept layout designed for comfortable everyday living. Step inside to a bright living area featuring wood-look tile flooring, recessed lighting, and a beautiful navy accent wall that adds a touch of personality to the space. The kitchen is a standout, with rich wood cabinetry, granite countertops, stainless steel appliances, a large island with a breakfast bar, and plenty of counter and cabinet space--perfect for cooking, gathering, and entertaining!! The generously sized bedrooms feature plush carpeting and neutral finishes, offering comfortable spaces to relax and unwind. The bathrooms include updated vanities and clean, modern finishes. Outside, enjoy low-maintenance desert landscaping and an attached two-car garage for added convenience. With its functional floor plan, inviting interior, and easy-care outdoor space, this home is ready to welcome its next owner!!

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 $13,994. 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

Bedrooms5
Bathrooms3
Square feet2,535
Property typeSingle Family
MLS #7072127
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)
$2,775/mo
Source est. payment (PITI)
$3,157/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$13,994

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

$0$13,994
Additional funds needed$0

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