Properties / 1892 E SHANNON Street
VA ASSUMABLERate: 2.91%

1892 E SHANNON Street

$579,000
Gilbert, AZ 85295
4 beds3 baths2,572 sqftSingle Family
The assumable advantage
2.91%
VA assumed rate
$72,084 interest already paid off
Estimated Loan Balance$388,128
Cash to close$189,950
Est. Monthly PITI$2,222
Initial Loan Amount$447,552
Time on site1 day
Remaining Term24 years, 2 months
Seller's equity (what you pay)
$190,872
Cash or secondary financing
Monthly savings
$1,550
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Discover this beautiful 2-story home in the Fincher Farms Community! Featuring 4 beds, 3 baths, a low-care desert front yard, artificial turf, inviting front porch, 2-car garage & RV gate. Inside, you'll find high ceilings, wood-look floors & plush carpet in the right places, and an excellent open-concept floor plan. Enjoy a formal dining area and an eat-in kitchen equipped with ample wood cabinets w/crown molding, quartz countertops, travertine-tile backsplash, SS appliances, a walk-in pantry, breakfast nook, and a peninsula w/breakfast bar. The sizable primary suite includes a private bath w/barn-door entry, dual vanities, a large tiled shower, and a walk-in closet. A den w/built-in cabinetry can be a home office or guest room, while the upstairs loft offers additional space for a study. The backyard offers a screened-in patio, built-in BBQ under a gazebo, artificial turf, and a separate paver seating area w/wood-burning fire feature, ideal for relaxing or entertaining. Enjoy Fincher Farms amenities including a community pool, playgrounds, tennis courts & biking/walking paths, plus nearby green spaces, shopping & dining, with convenient access to Loop 202. Don't miss this 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 $190,872. 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 feet2,572
Property typeSingle Family
MLS #7078152
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)
$1,865/mo
Source est. payment (PITI)
$2,222/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$190,872

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

$0$190,872
Additional funds needed$0

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