Properties / 6814 N 88TH Lane
VA ASSUMABLERate: 5.52%

6814 N 88TH Lane

$519,500
Glendale, AZ 85305
4 beds3 baths2,871 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$114,784 interest already paid off
Estimated Loan Balance$496,900
Cash to close$26,112
Est. Monthly PITI$3,426
Initial Loan Amount$524,000
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$22,600
Cash or secondary financing
Monthly savings
$57
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to this spacious 4 bed, 2.5 bath home in a desirable gated community. The large upstairs loft offers great flexibility and could easily become a 5th bedroom. With the primary suite downstairs and additional bedrooms up, the split layout gives everyone privacy. You're minutes from Westgate's restaurants, entertainment, State Farm Stadium, and Desert Diamond Arena. Inside, quartz countertops, a double oven, and a gas cooktop create a true chef's kitchen. The low maintenance backyard with turf and pavers is perfect for relaxing instead of doing yard work. A stylish home in a prime location--ready when you are.

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 $22,600. 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 feet2,871
Property typeSingle Family
MLS #7025282
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)
$3,007/mo
Source est. payment (PITI)
$3,426/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$22,600

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

$0$22,600
Additional funds needed$0

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