Properties / 10199 W FERNANDO Drive
VA ASSUMABLERate: 6.5%

10199 W FERNANDO Drive

$250,000
Arizona City, AZ 85123
3 beds2 baths1,238 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$13,372 interest already paid off
Estimated Loan Balance$246,303
Cash to close$3,930
Est. Monthly PITI$1,763
Initial Loan Amount$247,897
Time on site50 days
Remaining Term29 years, 3 months
Seller's equity (what you pay)
$3,697
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

Move-in ready 3-bedroom, 2-bath home in Arizona City featuring a split floor plan, vaulted ceilings, and laminate and tile flooring throughout. Kitchen is nicely updated with white cabinets, quartz countertops, newer stainless steel appliances, and a walk-in pantry. Updated lighting, fans, and fixtures add to the home's fresh feel. Enjoy a large backyard with covered patio, storage shed, and space to make it your own. Dual pane windows, 2-car garage, 2024 roof, 2024 water heater, and VA assumable financing make this one stand out.

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 $3,697. 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
Bathrooms2
Square feet1,238
Property typeSingle Family
MLS #7007145
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)
$1,570/mo
Source est. payment (PITI)
$1,763/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$3,697

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

$0$3,697
Additional funds needed$0

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