Properties / 659 S HAZEL Court
VA ASSUMABLERate: 3.1%

659 S HAZEL Court

$530,000
Gilbert, AZ 85296
4 beds2 baths1,945 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$54,123 interest already paid off
Estimated Loan Balance$361,728
Cash to close$169,045
Est. Monthly PITI$2,015
Initial Loan Amount$400,000
Time on site14 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$168,272
Cash or secondary financing
Monthly savings
$1,411
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Welcome to this beautifully updated single-story home on a corner lot in Gilbert's established Mirador Estates community. Offering approximately 1,945 square feet with 4 bedrooms & 2 bathrooms, this home combines thoughtful improvements for comfortable everyday living. Step inside to discover gray faux-wood luxury vinyl plank flooring extending throughout the main living areas, creating a clean, cohesive look that complements the home's refinished cabinetry & updated finishes. Home features: updated HVAC (2024), ceiling fans throughout & a custom-painted mural gives one of the secondary bedrooms a distinctive touch of personality. Outdoor features: A desert inspired cactus garden at the front entry while installed pavers enhance the front walkway. In the backyard, the covered patio has been extended approximately five feet, creating additional space for relaxing, dining & entertaining outdoors. Added pavers & flower beds further enhance the yard, while the corner-lot setting provides additional outdoor space & a greater sense of separation. The location is ideal with plenty of options for shopping, dining, entertainment in SanTan Village & Downtown Gilbert. Nearby is Crossroads District Park for sports fields, trails, a lake, shaded play areas & a dedicated dog park. Phoenix-Mesa Gateway Airport & Arizona State University's Polytechnic campus are also accessible from this central East Valley location.

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 $168,272. 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 feet1,945
Property typeSingle Family
MLS #7064867
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)
$1,715/mo
Source est. payment (PITI)
$2,015/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$168,272

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

$0$168,272
Additional funds needed$0

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