Properties / 34 S SEVILLE Lane
VA ASSUMABLERate: 2.9%

34 S SEVILLE Lane

$318,000
Casa Grande, AZ 85194
2 beds2 baths1,322 sqftSingle Family
The assumable advantage
2.9%
VA assumed rate
$34,024 interest already paid off
Estimated Loan Balance$183,812
Cash to close$134,188
Est. Monthly PITI$1,158
Initial Loan Amount$212,000
Time on site2 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$134,188
Cash or secondary financing
Monthly savings
$990
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

One-of-a-kind 1,322 sq ft, 2-bedroom, 2-bath home with extensive updates throughout. This turn-key, fully furnished property is situated in the popular Mission Royale Active Adult Golf Course Community and Updated Features include: Roof, Windows, HVAC, flooring, water heater, water softener, front courtyard, AZ Room, exterior paint, black stainless appliances & more. The custom Arizona Room provides additional living and entertaining space. Insulated garage includes golf cart parking and new cabinetry for added storage. With numerous recent improvements inside and out, this move-in-ready home offers comfort, functionality, and low-maintenance Arizona living.

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 $134,188. 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

Bedrooms2
Bathrooms2
Square feet1,322
Property typeSingle Family
MLS #7077482
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)
$885/mo
Source est. payment (PITI)
$1,158/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$134,188

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

$0$134,188
Additional funds needed$0

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