Properties / 504 E BLACK DIAMOND Drive
VA ASSUMABLERate: 3.45%

504 E BLACK DIAMOND Drive

$389,900
Casa Grande, AZ 85122
4 beds2 baths2,708 sqftSingle Family
The assumable advantage
3.45%
VA assumed rate
$23,943 interest already paid off
Estimated Loan Balance$106,176
Cash to close$285,350
Est. Monthly PITI$853
Initial Loan Amount$120,000
Time on site50 days
Remaining Term23 years, 10 months
Seller's equity (what you pay)
$283,724
Cash or secondary financing
Monthly savings
$1,754
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Now Offering $10,000 to Buy Down Your Rate! PREMIUM LOT WITH STUNNING VIEW! This immaculate 4 bed, 2 bath solar home, offers over 2,700 sq ft. Recent updates include a NEW ROOF and a locked-in, low-rate solar lease, providing added peace of mind and long-term efficiency. Located close to the interstate and shopping, this home offers the perfect blend of comfort, convenience, and accessibility. Step inside through the tiled entry into a welcoming formal living room featuring vaulted ceilings, recessed lighting, and an open, airy feel. The kitchen shines with white cabinetry, tiled backsplash, granite countertops, and a center island that flows seamlessly into the spacious great room. The generous primary suite is a true retreat, featuring a garden tub, separate shower, private toilet room, and abundant closet space. Additional highlights include a convenient hallway office, three well-appointed secondary bedrooms, and a 3 car garage. Outdoor living is exceptional, with a full-length, covered extended patio finished with tile and pavers overlooking an easy care cactus garden. Enjoy the private outdoor oasis complete with a water feature, putting green, and fire pit, perfect for relaxing or entertaining. Smart-system irrigation adds even more convenience. Filled with fantastic upgrades and thoughtful details throughout, this move-in-ready home offers comfort, functionality, and exceptional outdoor living. A must-see!

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 $283,724. 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 feet2,708
Property typeSingle Family
MLS #6981779
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)
$545/mo
Source est. payment (PITI)
$853/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$283,724

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

$0$283,724
Additional funds needed$0

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