Properties / 5069 S 235TH Drive
VA ASSUMABLERate: 3.45%

5069 S 235TH Drive

$369,250
Buckeye, AZ 85326
4 beds2 baths1,623 sqftSingle Family
The assumable advantage
3.45%
VA assumed rate
$60,447 interest already paid off
Estimated Loan Balance$106,610
Cash to close$263,411
Est. Monthly PITI$1,043
Initial Loan Amount$154,950
Time on site50 days
Remaining Term16 years, 9 months
Seller's equity (what you pay)
$262,640
Cash or secondary financing
Monthly savings
$1,479
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

OWNED SOLAR - No monthly payments. Single story, one owner home with 4 bedrooms, 2 full baths, an open kitchen with breakfast bar, and dining area. The kitchen features newer oven/range, dishwasher, and built-in microwave, as well as maple cabinets. Vaulted ceilings throughout give this home a wide open feel. The crown molding adds an extra special touch and 18 inch tile in all the right spots. Primary bedroom suite features a raised vanity with double sinks and separate tub and shower. The whole home HVAC system replacement comes with a twenty-five-year warranty, The Solar system (installed in 2016) was upgraded and most of the switch panels and converter unit are in the garage and not outside, safe from the elements. Solar unit is completely paid off. Newer water heater! Water Softener as well! Owned Security System included.

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 $262,640. 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 feet1,623
Property typeSingle Family
MLS #7054392
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)
$699/mo
Source est. payment (PITI)
$1,043/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$262,640

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

$0$262,640
Additional funds needed$0

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