Properties / 8931 S 57TH Drive
VA ASSUMABLERate: 3.11%

8931 S 57TH Drive

$399,900
Laveen, AZ 85339
3 beds3 baths2,112 sqftSingle Family
The assumable advantage
3.11%
VA assumed rate
$32,489 interest already paid off
Estimated Loan Balance$212,348
Cash to close$187,552
Est. Monthly PITI$1,344
Initial Loan Amount$235,280
Time on site7 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$187,552
Cash or secondary financing
Monthly savings
$1,350
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

There's plenty to love about this immaculate home, located in the Paseo Pointe subdivision at South Mountain. You're just a couple minutes to the 202 and not far from the I-10, with some of Phoenix's best hiking trails and mountain views nearby. Move-in ready. New porcelain tile flooring in the main walking areas sets a welcoming tone. A floorplan meant for both relaxing and entertaining, with separate living and family rooms. Spacious bedrooms with walk-in closets. Your new kitchen features an island with breakfast bar, recessed lighting, stainless steel appliances, and upgraded cabinets. Cozy backyard with covered patio, no-maintenance landscaping, and green space giving privacy from your neighbors. Your new home awaits here, so come take a look!

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 $187,552. 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

Bedrooms3
Bathrooms3
Square feet2,112
Property typeSingle Family
MLS #7075888
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)
$1,008/mo
Source est. payment (PITI)
$1,344/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$187,552

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

$0$187,552
Additional funds needed$0

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