Properties / 8717 W CLARENDON Avenue
VA ASSUMABLERate: 3.45%

8717 W CLARENDON Avenue

$336,000
Phoenix, AZ 85037
3 beds2 baths1,325 sqftSingle Family
The assumable advantage
3.45%
VA assumed rate
$49,940 interest already paid off
Estimated Loan Balance$307,879
Cash to close$29,356
Est. Monthly PITI$1,824
Initial Loan Amount$336,567
Time on site50 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$28,121
Cash or secondary financing
Monthly savings
$471
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Welcoming 3 BD/2 BA home! Corner Lot w/ Big Backyard & Fenced-Pool. No HOA! Ample-sized bedrooms. Eat-in Kitchen/Family RM has extra cabinets & shelves. Primary BD has en suite & wood-look floor. Tile downstairs; carpet upstairs. Fresh interior paint in right places. Fireplace. Additional cooling in Primary & Upstairs BDs. Inside Laundry/Workshop off carport. Private backyard w/ Covered & Open Patios; raised garden beds. Space for toys, outdoor kitchen, playground, animals, shed. CREATE AN OUTDOOR PARADISE! Pool just cleaned & refilled. 2-car carport, large driveway w/ room on side for RV. ADD GARAGE or WORKSHOP. GREAT LOCATION! Near 101, I-10, State Farm Stadium, Westgate & a park. Perfect for outdoor enthusiast OR investor seeking rental income. MOVE IN NOW. RENOVATE & REAP BENEFITS.

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 $28,121. 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 feet1,325
Property typeSingle Family
MLS #7049933
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)
$1,511/mo
Source est. payment (PITI)
$1,824/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$28,121

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

$0$28,121
Additional funds needed$0

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