Properties / 7115 W CANDLEWOOD Way
VA ASSUMABLERate: 3.1%

7115 W CANDLEWOOD Way

$345,000
Florence, AZ 85132
3 beds2 baths1,916 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$27,061 interest already paid off
Estimated Loan Balance$182,783
Cash to close$164,136
Est. Monthly PITI$1,204
Initial Loan Amount$200,000
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$162,217
Cash or secondary financing
Monthly savings
$1,170
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Welcome to this sought-after Creosote model in Anthem at Merrill Ranch! This 3 bed, 2 bath + den home offers an open layout with neutral tones, 9+ flat ceilings, and select coffered details. The kitchen features granite countertops and flows seamlessly into the main living space. Enjoy a front courtyard and covered back patio with pergola--perfect for relaxing or entertaining. Plantation shutters throughout and leased solar (fixed at $92/mo.) help keep energy costs low. Brand new AC unit (2025) with transferable warranty, plus a transferable home warranty already in place. The 3-car tandem garage includes a mini split. The primary suite features a walk-in closet with built-in shelving and drawers. Enjoy resort-style amenities including pools, fitness center, parks, golf, and more!

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 $162,217. 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 feet1,916
Property typeSingle Family
MLS #7008963
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)
$865/mo
Source est. payment (PITI)
$1,204/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$162,217

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

$0$162,217
Additional funds needed$0

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