Properties / 321 E WHITTON Avenue
VA ASSUMABLERate: 6.88%

321 E WHITTON Avenue

$774,999
Phoenix, AZ 85012
4 beds2 baths2,018 sqftSingle Family
The assumable advantage
6.88%
VA assumed rate
$131,336 interest already paid off
Estimated Loan Balance$729,893
Cash to close$45,844
Est. Monthly PITI$5,252
Initial Loan Amount$748,925
Time on site42 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$45,106
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

This completely updated 1946 historic home blends timeless character with modern comfort in a split 4-bedroom, 2-bath layout plus a separate den/flex space--ideal for working from home, hobbies, or a second living area. Recent improvements include a new A/C unit and new wood flooring and new windows, while thoughtful design details like high-end custom metalwork with I-beams add a distinctive architectural touch throughout. The primary suite is filled with natural light thanks to floor-to-ceiling windows and offers easy indoor-outdoor flow. You'll also love the oversized laundry room with sink and abundant storage, plus a walk-in pantry that keeps everything organized and within reach. Out back, enjoy a south-facing yard with an extended covered patio and three custom exit doors that make everyday living and entertaining feel seamless. An additional air-conditioned backyard "she-shed"/"man cave" provides the perfect bonus space for a studio, office, or retreat. An additional storage container provides extra space for tools, seasonal items, or equipment. All of this is set in the heart of Midtown, close to shopping, restaurants, events, downtown, and major freeways--an especially special opportunity in a prime Phoenix 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 $45,106. 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 feet2,018
Property typeSingle Family
MLS #7059927
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)
$4,932/mo
Source est. payment (PITI)
$5,252/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$45,106

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

$0$45,106
Additional funds needed$0

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