Properties / 7427 W HILL Lane
VA ASSUMABLERate: 3.56%

7427 W HILL Lane

$465,000
Glendale, AZ 85310
3 beds3 baths1,518 sqftSingle Family
The assumable advantage
3.56%
VA assumed rate
$55,473 interest already paid off
Estimated Loan Balance$209,925
Cash to close$255,075
Est. Monthly PITI$1,414
Initial Loan Amount$244,769
Time on site0 days
Remaining Term23 years, 2 months
Seller's equity (what you pay)
$255,075
Cash or secondary financing
Monthly savings
$1,632
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Welcome home to this spacious 3 bedroom, 3 bath home tucked away in a desirable cul-de-sac! Vaulted ceilings and generous open main living areas create a bright, airy feel with plenty of room to gather and entertain. Step outside to an extra-large lot featuring a sparkling pool and above-ground hot tub, perfect for relaxing and entertaining. Major updates include a newer roof, plus a newer HVAC system and pool pump installed in 2024. Ideally located within walking distance of the elementary school, this home offers space, comfort, valuable upgrades, and a fantastic 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 $255,075. 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

Bedrooms3
Bathrooms3
Square feet1,518
Property typeSingle Family
MLS #7078733
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,110/mo
Source est. payment (PITI)
$1,414/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$255,075

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

$0$255,075
Additional funds needed$0

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