Properties / 900 S CANAL Drive
VA ASSUMABLERate: 3.07%

900 S CANAL Drive

$399,500
Chandler, AZ 85225
3 beds2 baths1,833 sqftSingle Family
The assumable advantage
3.07%
VA assumed rate
$39,429 interest already paid off
Estimated Loan Balance$258,851
Cash to close$143,404
Est. Monthly PITI$1,499
Initial Loan Amount$284,550
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$140,649
Cash or secondary financing
Monthly savings
$1,130
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Beautiful 3-bedroom townhome in the Che Bella gated community. This well-maintained home boasts an oversized kitchen island, freshly epoxied 2-car garage, and new neutral carpet and paint throughout. High-end GE appliance package. The light and open floorplan features a great room concept, separating the main bedroom from the other 2 bedrooms and bathroom. Each bedroom has custom closet upgrades. The main bedroom features an oversized walk-in closet with custom storage. Patio overlooks the greenbelt. Beautiful Community Pool and Spa with a workout facility. Great location close to the 202, shops, restaurants, and more. A beautiful townhome in a great community and location.

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 $140,649. 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 feet1,833
Property typeSingle Family
MLS #7008867
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)
$1,226/mo
Source est. payment (PITI)
$1,499/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$140,649

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

$0$140,649
Additional funds needed$0

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