Properties / 2520 E LIBBY Street
VA ASSUMABLERate: 3.55%

2520 E LIBBY Street

$459,900
Phoenix, AZ 85032
4 beds2 baths1,512 sqftSingle Family
The assumable advantage
3.55%
VA assumed rate
$57,344 interest already paid off
Estimated Loan Balance$337,860
Cash to close$124,720
Est. Monthly PITI$1,944
Initial Loan Amount$368,816
Time on site50 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$122,040
Cash or secondary financing
Monthly savings
$1,029
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Discover this beautifully maintained home with NO HOA, a brand-new roof installed May 2026, and a solar lease for added energy efficiency! Ideally located just minutes from Cave Creek, shopping, dining, and the Loop 101 Freeway, this move-in ready home offers convenience and comfort. Inside, enjoy bright open living spaces with abundant natural light, wood-look flooring, and a neutral color palette. The kitchen features shaker-style cabinetry, quartz countertops, a breakfast bar peninsula, tile backsplash, and stainless steel appliances. The primary suite includes a private ensuite bath. The backyard boasts a covered patio, brand-new turf, paver seating area, and ample space to add a pool, BBQ area, or create your own outdoor retreat. A fantastic opportunity with major updates completed!

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 $122,040. 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
Bathrooms2
Square feet1,512
Property typeSingle Family
MLS #7032508
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)
$1,683/mo
Source est. payment (PITI)
$1,944/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$122,040

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

$0$122,040
Additional funds needed$0

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