Properties / 18418 W CINNABAR Avenue
VA ASSUMABLERate: 2.96%

18418 W CINNABAR Avenue

$560,000
Waddell, AZ 85355
3 beds4 baths2,806 sqftSingle Family
The assumable advantage
2.96%
VA assumed rate
$50,945 interest already paid off
Estimated Loan Balance$269,824
Cash to close$290,176
Est. Monthly PITI$1,626
Initial Loan Amount$310,800
Time on site0 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$290,176
Cash or secondary financing
Monthly savings
$1,996
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

Stunning and meticulously cared-for home in the coveted community of Cortessa! Offering over 2,800 sq.ft. of thoughtfully designed living space, this impressive property features 3 bedrooms including a private guest suite, a den or living space for the guest suite, 3.5 bathrooms, refreshing pool & a 3-car split garage. The spacious kitchen is designed for gathering with abundant cabinetry, granite countertops, an oversized center island, and a bright breakfast nook. The desirable split floor plan provides a luxurious and private primary suite, while the guest suite, with a separate entrance, offers excellent flexibility for guests, home office or multi-generational living. Step outside to an amazing backyard retreat featuring artificial turf and a refreshing Pebble Tec pool with a water feature. Leased solar adds enhanced energy efficiency. Ideally located just around the corner from Cortessa Community Park, with convenient access to nearby schools, shopping, dining, and Loop 303!

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 $290,176. 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
Bathrooms4
Square feet2,806
Property typeSingle Family
MLS #7076078
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)
$1,307/mo
Source est. payment (PITI)
$1,626/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$290,176

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

$0$290,176
Additional funds needed$0

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