Properties / 24018 N 118TH Avenue
VA ASSUMABLERate: 2.87%

24018 N 118TH Avenue

$408,000
Sun City, AZ 85373
4 beds3 baths2,229 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$33,924 interest already paid off
Estimated Loan Balance$230,958
Cash to close$177,559
Est. Monthly PITI$1,368
Initial Loan Amount$258,056
Time on site17 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$177,042
Cash or secondary financing
Monthly savings
$1,331
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

🔥 UNBEATABLE 2.375% ASSUMABLE RATE 🔥 Lock in rare generational savings and luxury living in Peoria's coveted Dos Rios community! Step past the charming front porch into a bright, sun-drenched great room boasting custom finishes and an open layout. The chef-inspired kitchen features warm oak cabinetry, a stylish designer backsplash, and a walk-in pantry. A flexible main-floor bedroom offers convenience for guests or a home office. Upstairs, soaring vaulted ceilings elevate the airy loft alongside serene bedrooms and updated dual-sink vanities. Out back, relax under an expansive covered patio after exploring nearby Lake Pleasant, Loop 303, and Corte Bella Golf Club. Unmatched financing meets move-in ready desert luxury.

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 $177,042. 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 feet2,229
Property typeSingle Family
MLS #7068491
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)
$1,075/mo
Source est. payment (PITI)
$1,368/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$177,042

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

$0$177,042
Additional funds needed$0

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