Properties / 1812 Chicago Avenue
VA ASSUMABLERate: 3.62%

1812 Chicago Avenue

$239,000
Kingman, AZ 86401
3 beds2 baths1,380 sqftSingle Family
The assumable advantage
3.62%
VA assumed rate
$28,891 interest already paid off
Estimated Loan Balance$115,218
Cash to close$125,042
Est. Monthly PITI$803
Initial Loan Amount$131,199
Time on site36 days
Remaining Term23 years, 7 months
Seller's equity (what you pay)
$123,782
Cash or secondary financing
Monthly savings
$803
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Enjoy this cute 3-bedroom 2 bath home as a family or as a retiree. As you enter the home the kitchen is located on the right of the entry way. You will find the dining and living area straight ahead. The family room looks out through double glass sliding doors onto a covered patio with a nice sized backyard. This is a split bedroom home with the master bedroom on the left with a large walk-n closet and an en-suite bathroom with a walk-in shower. The other two bedrooms will comfortable fit queen size beds with a convenient Jack & Jill bathroom. This home is centrally located close to shopping, schools and medical facilities.

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 $123,782. 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 feet1,380
Property typeSingle Family
MLS #037461
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)
$606/mo
Source est. payment (PITI)
$803/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$123,782

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

$0$123,782
Additional funds needed$0

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