Properties / 11531 N JEROME Street
VA ASSUMABLERate: 3.75%

11531 N JEROME Street

$633,500
Surprise, AZ 85388
2 beds3 baths2,289 sqftSingle Family
The assumable advantage
3.75%
VA assumed rate
$108,210 interest already paid off
Estimated Loan Balance$607,798
Cash to close$32,641
Est. Monthly PITI$3,431
Initial Loan Amount$657,878
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$25,702
Cash or secondary financing
Monthly savings
$648
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Top 5 reasons to come see this home and buy it! 1. Assumable loan at 3.75%. 2.Views of a park and Golf Course through wrought iron view fencing. 3. Live in a 2X Master Planned Community of the year. 4. Priced well below the avg. home price of $787,000. 5. Enjoy world class amenities and live like you live at a Resort! Prepare to fall in love with this gorgeous corner-lot home perfectly nestled on a PRIME cul-de-sac! Come see all the recent updates! Enjoy sitting on wonderful outdoor furniture by a firepit while sipping on some wine. Enjoy entertaining guests in this open floor plan, graced w/ abundant natural light. Serene backyard has a covered patio and a built-in BBQ. Don't miss 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 $25,702. 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 feet2,289
Property typeSingle Family
MLS #6986020
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)
$3,088/mo
Source est. payment (PITI)
$3,431/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$25,702

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

$0$25,702
Additional funds needed$0

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