Properties / 1449 S 11TH Avenue
VA ASSUMABLERate: 2.74%

1449 S 11TH Avenue

$327,000
Phoenix, AZ 85007
3 beds2 baths1,691 sqftSingle Family
The assumable advantage
2.74%
VA assumed rate
$14,798 interest already paid off
Estimated Loan Balance$92,119
Cash to close$235,314
Est. Monthly PITI$620
Initial Loan Amount$104,600
Time on site50 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$234,881
Cash or secondary financing
Monthly savings
$1,499
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Thoughtfully updated, this 3-bedroom, 2-bath home combines classic character with major recent improvements, including dual-pane windows (2021), HVAC system with updated ductwork (2023), and a water heater (2024). The functional floor plan offers comfortable living spaces, while the low-maintenance turf backyard provides room to relax, entertain, or enjoy outdoor living. Conveniently located just minutes from Downtown Phoenix with easy access to I-10 and I-17, the home offers quick access to dining, entertainment, sporting venues and shopping,

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 $234,881. 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
Bathrooms2
Square feet1,691
Property typeSingle Family
MLS #7054242
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)
$429/mo
Source est. payment (PITI)
$620/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$234,881

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

$0$234,881
Additional funds needed$0

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