Properties / 15602 N 37TH Street
VA ASSUMABLERate: 2.81%

15602 N 37TH Street

$1,399,000
Phoenix, AZ 85032
4 beds3 baths2,598 sqftSingle Family
The assumable advantage
2.81%
VA assumed rate
$54,706 interest already paid off
Estimated Loan Balance$339,389
Cash to close$1,062,733
Est. Monthly PITI$2,013
Initial Loan Amount$382,200
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$1,059,611
Cash or secondary financing
Monthly savings
$6,659
Versus today's market rate
Est. savings per year
$80K
Versus today's market rate

About this home

Welcome to this beautifully renovated 1924 sq ft Modern Ranch Retreat and 674 sq ft Guest House set on 1.04-acre usable lot with NO HOA. This light-filled home offers open-concept living, stylish upgrades with a contemporary flair and a versatile layout with space for work, fitness, guests or income potential. Step outside to your private resort-style oasis featuring a heated pool, expansive patios, park like landscaping and endless room to create the ultimate playground for sport lovers--think pickleball, tennis, custom courts; Horse lovers, RVs, RV Garage or toys. Located in the sought after PV School District, this property delivers flexibility, function, and lifestyle in one rare package-- all just minutes from premier dining, shopping,entertainment and Healthcare; the New PV Mall, Scottsdale Quarter, Kierland Commons, Desert Ridge and Mayo Clinic. Easily accessible to SR 51 and Loop 101 which makes commuting to Downtown Phoenix, Paradise Valley or Scottsdale quick and convenient. A rare opportunity to own in one of the area's last remaining large-lot pockets, (zoned R1-14, One Family Residence District designed to maintain, protect and preserve the character of development on these lots)

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 $1,059,611. 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 feet2,598
Property typeSingle Family
MLS #7023390
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)
$1,591/mo
Source est. payment (PITI)
$2,013/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$1,059,611

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

$0$1,059,611
Additional funds needed$0

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