Properties / 1574 E ELAINE Drive
VA ASSUMABLERate: 3.46%

1574 E ELAINE Drive

$335,000
Casa Grande, AZ 85122
4 beds3 baths2,373 sqftSingle Family
The assumable advantage
3.46%
VA assumed rate
$48,598 interest already paid off
Estimated Loan Balance$126,764
Cash to close$210,331
Est. Monthly PITI$1,010
Initial Loan Amount$159,412
Time on site50 days
Remaining Term20 years, 3 months
Seller's equity (what you pay)
$208,236
Cash or secondary financing
Monthly savings
$1,250
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

If you need space, this is the home for you. This sizeable 4 bedroom, 3 bath home features a bedroom on the lower level with a full bath nearby. Downstairs you will find the formal living/dining room and family room, kitchen with an island, granite counters and walk in pantry. Upstairs is the large master suite, 2 more bedrooms, and generous loft area. A full length covered patio, looks out to the low maintenance rockscape backyard. The 2 car garage features a walk out side door for easy access to the side yard.

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 $208,236. 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
Bathrooms3
Square feet2,373
Property typeSingle Family
MLS #7006226
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)
$726/mo
Source est. payment (PITI)
$1,010/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$208,236

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

$0$208,236
Additional funds needed$0

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