Properties / 22 N 224TH Lane
VA ASSUMABLERate: 6.5%

22 N 224TH Lane

$389,900
Buckeye, AZ 85326
4 beds3 baths2,267 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$9,830 interest already paid off
Estimated Loan Balance$362,957
Cash to close$27,275
Est. Monthly PITI$2,608
Initial Loan Amount$363,616
Time on site50 days
Remaining Term29 years, 8 months
Seller's equity (what you pay)
$26,943
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

Beautiful Golf Course Lot in Sundance! Situated on the 15th hole tee box! Watch the golfers from the large covered patio. Open, bright and airy first floor with large cool tile floors. Large bedroom and full bath downstairs! Upstairs, you'll find a large loft/family room that provides a versatile space for work and relaxation. The large primary bedroom and ensuite with dual sinks, a garden tub and a convenient walk-in closet. Enjoy peaceful afternoons in the backyard, offering a covered patio, mature trees that provide natural shade, and tranquil views of the golf course. Don't miss out on this fantastic opportunity!

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 $26,943. 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
Bathrooms3
Square feet2,267
Property typeSingle Family
MLS #7047660
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)
$2,303/mo
Source est. payment (PITI)
$2,608/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$26,943

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

$0$26,943
Additional funds needed$0

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