Properties / 42059 W CHEYENNE Drive
VA ASSUMABLERate: 2.89%

42059 W CHEYENNE Drive

$328,000
Maricopa, AZ 85138
4 beds3 baths1,816 sqftSingle Family
The assumable advantage
2.89%
VA assumed rate
$19,371 interest already paid off
Estimated Loan Balance$109,348
Cash to close$219,670
Est. Monthly PITI$855
Initial Loan Amount$124,378
Time on site50 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$218,652
Cash or secondary financing
Monthly savings
$1,411
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Seller financing available!! Qualified buyers may assume the existing ultra-low 2.375% interest rate with the seller financing available for the remaining balance. This VA loan is assumable by both VA and non-VA buyers subject to lender approval. Please see private remarks for full detail for the seller financing. Rare opportunity in the heart of Maricopa! This beautifully maintained 4 bed 3 full bath home has a dedicated office, large pantry and spacious rooms. Step outside to a large backyard retreat featuring mature trees, a gorgeous gazebo, and plenty of room to relax or gather with the ones you love. The Backyard is already equipped with a dedicated hot tub pad and a 50 amp spa box, making it ready for your future spa setup. Welcome Home

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 $218,652. 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

Bedrooms4
Bathrooms3
Square feet1,816
Property typeSingle Family
MLS #7030660
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)
$523/mo
Source est. payment (PITI)
$855/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$218,652

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

$0$218,652
Additional funds needed$0

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