Properties / 5315 N 188TH Avenue
VA ASSUMABLERate: 7.06%

5315 N 188TH Avenue

$495,000
Litchfield Park, AZ 85340
3 beds2 baths1,589 sqftSingle Family
The assumable advantage
7.06%
VA assumed rate
$69,570 interest already paid off
Estimated Loan Balance$452,223
Cash to close$44,883
Est. Monthly PITI$3,438
Initial Loan Amount$459,685
Time on site50 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$42,777
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this beautifully upgraded, move-in-ready home where exceptional outdoor living, energy efficiency, and incredible views come together! One of the standout features is the FULLY PAID-OFF SOLAR, offering significant potential energy savings with no solar payment to take on. Step outside and discover an amazing backyard designed for entertaining and relaxing. Enjoy low-maintenance synthetic grass, a spacious pergola, built-in grill, and gas fire pit--creating the perfect setting for weekend gatherings, evening cocktails, or simply unwinding under the Arizona sky. Adding to the home's appeal are the magnificent elevated views overlooking the surrounding parks and green spaces, providing a beautiful backdrop and a sense of openness that's hard to find. The kitchen is a true centerpiece of the home, designed with both style and practicality in mind. Ample cabinet space, sleek finishes, reverse osmosis, soft water system and quality upgrades make it perfect for preparing meals or gathering with family and friends. Every detail has been carefully considered to provide a modern yet inviting atmosphere. The upgrades continue throughout the home, including electric blinds that offer convenience at the touch of a button and contribute to the home's contemporary feel. Energy efficiency is a major highlight, with fully paid-off solar providing long-term savings and sustainability--an increasingly valuable feature for Arizona homeowners. Step outside into your own private backyard oasis, where relaxation and entertainment await. The low-maintenance synthetic grass ensures year-round greenery without the upkeep, while the pergola provides shaded comfort for outdoor lounging. Enjoy evenings by the gas fire pit or host unforgettable gatherings with the built-in grill--perfect for Arizona's outdoor lifestyle. One of the standout features of this property is its elevated positioning, offering beautiful views of nearby parks and open spaces. Whether you're enjoying your morning coffee or winding down at sunset, the scenery adds an extra layer of tranquility and charm. Car enthusiasts and hobbyists will appreciate the garage, which features a stunning metallic epoxy floor--both durable and visually striking. This space is as functional as it is impressive, offering a clean and polished look that elevates the entire home. Located in the heart of Litchfield Park, this home offers convenient access to local parks, walking paths, golf courses, shopping, dining, and top-rated amenities. The community is known for its charm, tree-lined streets, and welcoming atmosphere, making it a sought-after destination for homeowners looking for both convenience and quality of life. With too many upgrades to list, this home truly needs to be seen in person to be fully appreciated. Every inch has been thoughtfully designed and upgraded to provide comfort, efficiency, and style. Wired and plumbed for hot tub on pad out back.Don't miss your opportunity to own this exceptional home--schedule your private showing today and experience everything it has to offer.

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 $42,777. 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 feet1,589
Property typeSingle Family
MLS #7008314
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)
$3,094/mo
Source est. payment (PITI)
$3,438/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$42,777

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

$0$42,777
Additional funds needed$0

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