Properties / 8814 W Shaw Butte Drive
VA ASSUMABLERate: 6.15%

8814 W Shaw Butte Drive

$375,000
Peoria, AZ 85345
3 beds2 baths1,264 sqftSingle Family
The assumable advantage
6.15%
VA assumed rate
$73,873 interest already paid off
Estimated Loan Balance$344,051
Cash to close$31,373
Est. Monthly PITI$2,416
Initial Loan Amount$359,000
Time on site7 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$30,949
Cash or secondary financing
Monthly savings
$21
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Step into this beautifully updated, move in ready home in Granite Run! Inside, you'll find a bright, open floor plan with abundant natural light, fresh paint, new carpet in the bedrooms, and a cozy fireplace that creates the perfect focal point in the living room. The kitchen is the heart of the home with updated cabinetry, plenty of counter space, stainless steel appliances, and an open layout that flows seamlessly into the main living area, perfect for everyday living and entertaining. With 3 bedrooms and 2 bathrooms, this home offers a comfortable and functional layout that is ready to enjoy from day one. Step outside to a great size backyard featuring a beautiful mature tree, plenty of shade, and tons of space to relax, entertain, or create your own outdoor oasis. Located in a great Peoria area close to shopping, dining, parks, and everyday conveniences, this is the perfect opportunity for a first time home buyer or anyone looking for a home that is truly move in ready. Check it out today, this gem won't last long!

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 $30,949. 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 feet1,264
Property typeSingle Family
MLS #7075685
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)
$2,190/mo
Source est. payment (PITI)
$2,416/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$30,949

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

$0$30,949
Additional funds needed$0

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