Properties / 9108 S 15TH Way
VA ASSUMABLERate: 6.92%

9108 S 15TH Way

$674,999
Phoenix, AZ 85042
3 beds2 baths2,477 sqftSingle Family
The assumable advantage
6.92%
VA assumed rate
$92,447 interest already paid off
Estimated Loan Balance$635,405
Cash to close$40,206
Est. Monthly PITI$4,854
Initial Loan Amount$648,024
Time on site49 days
Remaining Term28 years
Seller's equity (what you pay)
$39,594
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Enjoy the best of Arizona living in this beautifully maintained home, designed for both relaxation and entertaining. A gated front courtyard welcomes you inside, while the backyard offers a sparkling pool, separate spa, and two raised garden beds for growing your own vegetables, herbs, or flowers. The rooftop terrace is the true highlight, offering breathtaking views of Downtown Phoenix and South Mountain--perfect for morning coffee, sunset cocktails, or stargazing. Solar panels add energy efficiency and help reduce utility costs. Inside, you'll find an open floor plan with tile flooring throughout (no carpet), plantation shutters, and numerous upgrades, including a new 5-ton Trane A/C system and air handler (2024), an air purification system, smart thermostat, smart lighting, and a smart Wi-Fi irrigation timer. The exterior was painted in 2022, the garage includes built-in storage cabinets, and all appliances are included. Whether you're relaxing by the pool, soaking in the spa, or enjoying the city lights from the rooftop terrace, this home offers a lifestyle you'll love-all just minutes from shopping, dining, hiking, and freeway access.

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 $39,594. 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 feet2,477
Property typeSingle Family
MLS #7057907
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)
$4,285/mo
Source est. payment (PITI)
$4,854/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$39,594

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

$0$39,594
Additional funds needed$0

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