Properties / 17403 N ELKO Drive
VA ASSUMABLERate: 2.8%

17403 N ELKO Drive

$360,000
Surprise, AZ 85374
4 beds2 baths1,611 sqftSingle Family
The assumable advantage
2.8%
VA assumed rate
$27,686 interest already paid off
Estimated Loan Balance$160,031
Cash to close$199,969
Est. Monthly PITI$1,035
Initial Loan Amount$183,650
Time on site6 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$199,969
Cash or secondary financing
Monthly savings
$1,365
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

NEW ROOF in 2022, NEW HVAC in 2023, NEW WATER HEATER in 2026! This 4 bedroom, 2 bath home offers vaulted ceilings, fresh interior paint and a comfortable, functional floor plan with a spacious living room, breakfast nook and indoor laundry. The kitchen features granite countertops and plenty of space for everyday living. Outside, enjoy an extended covered patio, mature trees and an existing pool currently drained, offering the opportunity to restore it and create a beautiful backyard retreat. Located on a quiet street while still close to schools, shopping, restaurants, everyday conveniences and commuter routes. A fantastic opportunity with major updates already completed and plenty to love inside and out!

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 $199,969. 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 feet1,611
Property typeSingle Family
MLS #7076409
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)
$758/mo
Source est. payment (PITI)
$1,035/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$199,969

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

$0$199,969
Additional funds needed$0

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