Properties / 2623 E MARCOS Drive
VA ASSUMABLERate: 6.63%

2623 E MARCOS Drive

$469,999
Casa Grande, AZ 85194
3 beds3 baths2,391 sqftSingle Family
The assumable advantage
6.63%
VA assumed rate
$25,003 interest already paid off
Estimated Loan Balance$347,161
Cash to close$123,488
Est. Monthly PITI$2,602
Initial Loan Amount$350,000
Time on site50 days
Remaining Term29 years
Seller's equity (what you pay)
$122,838
Cash or secondary financing
Monthly savings
$523
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Fantastic opportunity to own this lovely large 3-bedroom home on a coveted corner lot! You're greeted by an inviting front patio w/ a tranquil water fountain. Fall in love w/ the enchanting open layout w/ high ceilings, recessed lighting, classic plantation shutters & durable tile flooring. The stunning kitchen has granite counters, abundant wood cabinetry w/ crown molding, a stone-tile backsplash, chic pendant lighting, SS appliances, a walk-in pantry, & an island w/ a breakfast bar. You'll also find a cozy den ideal for an office or study. The primary bedroom showcases soft carpeting, a sitting nook, an ensuite w/ dual sinks & a walk-in closet. Unwind in the backyard, complete w/ a covered patio, pavers & a relaxing swim spa. Located In Mission Royale 55+ Adult Community. Agent is Owner.

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 $122,838. 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 feet2,391
Property typeSingle Family
MLS #7052309
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)
$2,249/mo
Source est. payment (PITI)
$2,602/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$122,838

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

$0$122,838
Additional funds needed$0

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