Properties / 71 N 187TH Drive
VA ASSUMABLERate: 6.42%

71 N 187TH Drive

$415,000
Buckeye, AZ 85326
4 beds2 baths2,001 sqftSingle Family
The assumable advantage
6.42%
VA assumed rate
$67,191 interest already paid off
Estimated Loan Balance$294,448
Cash to close$122,259
Est. Monthly PITI$2,225
Initial Loan Amount$305,203
Time on site50 days
Remaining Term26 years, 7 months
Seller's equity (what you pay)
$120,552
Cash or secondary financing
Monthly savings
$521
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

BUYERS! BUILDER-LIKE INCENTIVES AVAILABLE ON THIS RESALE HOME! INQUIRE FOR MORE SAVING INFO! *VA Loan Assumable* Welcome to this charming home in the growing community of Buckeye. Situated on a spacious lot, this property offers comfortable living with convenient access to local amenities, schools, and major roadways. Enjoy the balance of suburban tranquility and nearby city conveniences. A great opportunity for homeowners or investors alike!

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 $120,552. 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 feet2,001
Property typeSingle Family
MLS #7015491
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)
$1,926/mo
Source est. payment (PITI)
$2,225/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$120,552

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

$0$120,552
Additional funds needed$0

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