Properties / 2037 W STATE Avenue
VA ASSUMABLERate: 5.52%

2037 W STATE Avenue

$409,900
Phoenix, AZ 85021
3 beds1 baths1,750 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$90,775 interest already paid off
Estimated Loan Balance$392,968
Cash to close$19,709
Est. Monthly PITI$2,577
Initial Loan Amount$414,400
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$16,932
Cash or secondary financing
Monthly savings
$39
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to a well cared for Phoenix home offering space, updates, and a backyard designed for everyday enjoyment. This 3 bedroom home features 1750 square feet with brand new flooring throughout and a flexible additional living area perfect for a second lounge, office, or media room. The kitchen includes upgraded appliances for everyday convenience. Major updates have been completed, including redone plumbing and a newer AC unit for added efficiency and peace of mind. With no HOA, you have the freedom to use the property to fit your needs. Step outside to your private backyard with an inground pool, perfect for relaxing, entertaining, and enjoying the Arizona sunshine year round. Built in 1959 this home blends character with modern updates. Some images are virtually staged Welcome to a well cared for Phoenix home offering space, updates, and a backyard designed for everyday enjoyment. Located at 2037 W State Avenue, this 3 bedroom residence combines classic character with key improvements that make it move in ready and easy to maintain. Inside, you will find 1750 square feet of flexible living space with brand new flooring throughout, creating a clean and cohesive feel. The additional living area provides versatility for a second lounge, home office, or media room, ideal for adapting to your lifestyle. The kitchen is equipped with upgraded appliances, offering both function and style for daily use. Major systems have already been addressed, including redone plumbing and a newer AC unit, helping provide peace of mind and added efficiency. With no HOA, you have the freedom to use the property in a way that fits your needs, whether you are planning to occupy or invest. Step outside to your private backyard retreat featuring an inground pool, perfect for relaxing weekends, entertaining guests, or enjoying the Arizona sunshine year round. The lot offers space to personalize and make it your own. Built in 1959, this home blends solid construction with thoughtful updates, making it a strong option for those seeking value and flexibility in a central Phoenix location.

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 $16,932. 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
Bathrooms1
Square feet1,750
Property typeSingle Family
MLS #7019737
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)
$2,378/mo
Source est. payment (PITI)
$2,577/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$16,932

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

$0$16,932
Additional funds needed$0

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