Properties / 5131 E VILLAGE Drive
VA ASSUMABLERate: 6.67%

5131 E VILLAGE Drive

$1,089,000
Scottsdale, AZ 85254
5 beds3 baths2,849 sqftSingle Family
The assumable advantage
6.67%
VA assumed rate
$191,390 interest already paid off
Estimated Loan Balance$868,628
Cash to close$222,287
Est. Monthly PITI$6,298
Initial Loan Amount$898,909
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$220,372
Cash or secondary financing
Monthly savings
$620
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

One of the best floor plans in Arabella, this north/south-facing corner lot backs to a walking trail, offering exceptional privacy, mountain views, and added separation from neighboring homes. This 5-bedroom, 3-bath home offers a highly functional layout with the owner's suite and a private guest bedroom with a full bath on the main level, while upstairs features three additional bedrooms, a spacious loft, and a separate flex room perfect for a home office or media room. The dramatic two-story great room with 20' ceilings opens to a designer kitchen featuring white shaker cabinetry, quartz countertops, a full-height subway tile backsplash, gas cooktop, wall oven, oversized island, pantry, under-cabinet lighting, and a center-meet sliding glass door that seamlessly connects the indoor and outdoor living spaces. Wood-look tile flooring extends throughout the entire first floor; NO CARPET! The professionally completed backyard features an extended paver patio, built-in gas grill with storage, pergola, premium artificial turf, raised planter beds, and a built-in fire pit; ready to enjoy without the expense or wait of completing new construction. Upstairs, enjoy views of Pinnacle Peak, Thompson Peak, Tom's Thumb, and the McDowell Mountain range from multiple rooms. Additional features include a water softener, tankless water heater, paver driveway, modern black-and-white exterior, and an attached two-car garage with a freshly epoxied floor. Located in the highly desirable, private gated community of Arabella in the heart of 85254, this home is just steps from top-rated Copper Canyon Elementary and minutes from Desert Ridge, CityNorth, Kierland Commons, Scottsdale Quarter, Mayo Clinic, Loop 101, and some of the Valley's best dining, shopping, hiking, and golf.

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 $220,372. 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

Bedrooms5
Bathrooms3
Square feet2,849
Property typeSingle Family
MLS #7048607
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)
$5,802/mo
Source est. payment (PITI)
$6,298/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$220,372

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

$0$220,372
Additional funds needed$0

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