Properties / 839 E LEO Place
VA ASSUMABLERate: 6.5%

839 E LEO Place

$551,000
Chandler, AZ 85249
4 beds2 baths1,980 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$25,579 interest already paid off
Estimated Loan Balance$523,725
Cash to close$27,767
Est. Monthly PITI$3,654
Initial Loan Amount$526,620
Time on site49 days
Remaining Term29 years, 4 months
Seller's equity (what you pay)
$27,275
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautifully upgraded 4 Bdrm/2 Bath single-story home on a quiet cul-de-sac lot in the prestigious south Chandler gated community of Paseo Crossing! From the moment you walk up you will notice distinguishing features like the gorgeous front door, highly upgraded Andersen windows (owner paid $50K!), newew kitchen cabinets and appliances, and nearly new (3 yr. old) A/C and water heater! The open floor plan includes a front living space as well as a family room off the kitchen, breakfast nook, large master bdrm with dual vanities, separate shower & tub, walk-in closet, and 3 guest bdrms and guest bath. The large 2 1/2 car garage is an extra bonus with plenty of storage and service door to the spacious backyard with gazebo & extended patio, perfect for entertaining!

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 $27,275. 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 feet1,980
Property typeSingle Family
MLS #7057966
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)
$3,335/mo
Source est. payment (PITI)
$3,654/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$27,275

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

$0$27,275
Additional funds needed$0

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