Properties / 5224 W SWEET PEA Terrace
VA ASSUMABLERate: 6.5%

5224 W SWEET PEA Terrace

$655,000
Laveen, AZ 85339
4 beds3 baths2,741 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$80,993 interest already paid off
Estimated Loan Balance$647,003
Cash to close$11,935
Est. Monthly PITI$4,611
Initial Loan Amount$656,900
Time on site50 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$7,997
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

This home is a Dream come true it is everything you wanted and more. Located Minutes away from the South Mountain loop 202 to easily travel to East or west valley. Ask about incentives prior to submitting an offer. This home is filled with so many upgrades that the pictures don't show the True Beauty of the home. Click more for the list of top upgrades UPGRADES in the home - [ ] Upgrades flooring carpets and tile - [ ] Accent walls with designs throughout the home - [ ] Speakers in the ceiling in multiple rooms - [ ] Upgrades lighting and fan in each room - [ ] Water softener - [ ] Reverse Osmosis system under kitchen sink. - [ ] Upgraded Cabinets in the kitchen with handles - [ ] Blacksplash in the kitchen also on the backside of the island. - [ ] Extra tiles being the mirrors and tub and shower area in the Main bathroom. - [ ] Extra shelves in the main walk in closet and build out in all other closets as well. - [ ] Multi-glass doors completely opens to expand on the living room. - [ ] 2nd glass door for 2nd exist to the backyard. - [ ] Extra recess lighting throughout home. - [ ] Crown molding

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 $7,997. 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 feet2,741
Property typeSingle Family
MLS #6999553
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)
$4,182/mo
Source est. payment (PITI)
$4,611/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$7,997

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

$0$7,997
Additional funds needed$0

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