Your retirement account called & it likes this house. Single story living in Sun City with covered porch. One bedroom, one bath with bonus room perfect for an office or craft room. The real beauty of this home is to take advantage of a 2.25% mortgage interest rate. After 10 years of payments: Compare with a new loan $106,000 * 2.25% loan balance: ~$70,571 * 6.5% loan balance: ~$89,863 * The 2.25% borrower has paid down about $19,292 more principal. $24,923 in lower monthly payments savings +$19,292 in additional principal paid down = $44,215 in total economic advantage. 44,215 reasons to consider this listing.
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.
You need to cover the seller's equity of $32,594. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.