Properties / 14642 N FAIRLYNN Drive
VA ASSUMABLERate: 2.81%

14642 N FAIRLYNN Drive

$724,499
Fountain Hills, AZ 85268
3 beds2 baths2,170 sqftSingle Family
The assumable advantage
2.81%
VA assumed rate
$62,702 interest already paid off
Estimated Loan Balance$361,181
Cash to close$363,318
Est. Monthly PITI$2,054
Initial Loan Amount$414,400
Time on site14 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$363,318
Cash or secondary financing
Monthly savings
$2,564
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

Beautifully updated, move-in ready and set on an elevated .32-acre lot with mountain views in the heart of Fountain Hills.This spacious 3-bedroom, 2-bath home offers approximately 2,170 sq. ft. of light-filled living space with soaring vaulted ceilings, an open floor plan and stylish updates throughout. At the center of the home, the remodeled kitchen features crisp white cabinetry, granite countertops, updated appliances and generous workspace, opening seamlessly to the great room and dining areas for easy everyday living and entertaining. Both bathrooms have been beautifully renovated, while luxury plank flooring, updated interior paint, doors, lighting and ceiling fans give the home a fresh, cohesive feel. Major improvements include a newer HVAC system and upgraded electrical panel, offering the peace of mind that comes with important updates already completed. Step outside to an oversized backyard with exceptional space and privacy. Enjoy it as it is or imagine a future pool, spa, outdoor kitchen, fire pit or desert garden--all with the dramatic mountain backdrop that makes Fountain Hills living so special. With an elevated lot, mountain views from both the front and back, generous indoor and outdoor living space, thoughtful renovations and no HOA or NPOA, this Fountain Hills home is a MUST SEE!

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 $363,318. 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 feet2,170
Property typeSingle Family
MLS #7072495
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)
$1,709/mo
Source est. payment (PITI)
$2,054/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$363,318

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

$0$363,318
Additional funds needed$0

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