Properties / 1075 S 232ND Lane
VA ASSUMABLERate: 2.94%

1075 S 232ND Lane

$346,000
Buckeye, AZ 85326
2 beds3 baths1,735 sqftSingle Family
The assumable advantage
2.94%
VA assumed rate
$34,351 interest already paid off
Estimated Loan Balance$186,568
Cash to close$162,435
Est. Monthly PITI$1,213
Initial Loan Amount$211,034
Time on site50 days
Remaining Term24 years, 2 months
Seller's equity (what you pay)
$159,432
Cash or secondary financing
Monthly savings
$1,141
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

NICE HOME WITH 2 MASTER SUITES AND A DEN! OPEN FLOOR PLAN WITH AN EXTRA 1/2 BATH TOO. NEWER ROOF AND AC SYSTEM INSTALLED IN 2025. SOLAR SYSTEM OWNED. BACKS UP TO A WASH AND A CORNER LOT.

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 $159,432. 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
Bathrooms3
Square feet1,735
Property typeSingle Family
MLS #6982737
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)
$899/mo
Source est. payment (PITI)
$1,213/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$159,432

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

$0$159,432
Additional funds needed$0

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