Properties / 8802 N NEW WORLD Drive
VA ASSUMABLERate: 5.52%

8802 N NEW WORLD Drive

$237,500
Glendale, AZ 85302
2 beds2 baths1,344 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$56,954 interest already paid off
Estimated Loan Balance$246,554
Cash to close$0
Est. Monthly PITI$1,693
Initial Loan Amount$260,000
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$0
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

Lovely 2 bedroom 2 bathroom + backyard. The front door opens to a spacious living room with wood-look flooring. The kitchen is equipped with wood cabinetry, granite countertops and built-in appliances for a seamless cooking experience. The main bedroom has a private bathroom and a separate exit to the backyard. The backyard offers a covered patio. Close to the entertainment district of Glendale with dining, shopping and amusement just minutes away. Come and see!!

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 $0. 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

Bedrooms2
Bathrooms2
Square feet1,344
Property typeSingle Family
MLS #7022456
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)
$1,490/mo
Source est. payment (PITI)
$1,693/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.