Properties / 21228 N 260TH Lane
VA ASSUMABLERate: 2.9%

21228 N 260TH Lane

$400,000
Buckeye, AZ 85396
3 beds2 baths1,783 sqftSingle Family
The assumable advantage
2.9%
VA assumed rate
$57,749 interest already paid off
Estimated Loan Balance$375,302
Cash to close$25,543
Est. Monthly PITI$2,036
Initial Loan Amount$421,000
Time on site14 days
Remaining Term25 years
Seller's equity (what you pay)
$24,698
Cash or secondary financing
Monthly savings
$599
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

**2.625% assumable loan with approximately $372,000 remaining loan balance** Opportunities to secure financing at a rate this low are incredibly rare in today's market, and this one comes with the added benefit of owning a former model home loaded with designer upgrades. The open-concept, split floor plan features soaring ceilings, designer finishes, upgraded cabinetry, granite countertops, stainless steel appliances, and a gas range. As a former model, thoughtful upgrades and elevated finishes can be found throughout the home. The primary suite offers a private retreat with an upgraded bathroom featuring granite countertops, a beautifully tiled walk-in shower, and glass enclosure. The split floor plan provides additional privacy and functionality for guests or family. Outside, enjoy a low-maintenance backyard with artificial turf and an extended paver patio, perfect for Arizona living. The curb appeal continues out front with a paver driveway, an oversized driveway, and an oversized 2-car garage with epoxy floors. The home sits directly across the street from a neighborhood park. Former model homes with this level of finish are hard enough to find--pair it with a 2.625% assumable mortgage and this becomes a truly rare opportunity.

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 $24,698. 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 feet1,783
Property typeSingle Family
MLS #7071411
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,760/mo
Source est. payment (PITI)
$2,036/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$24,698

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

$0$24,698
Additional funds needed$0

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