Properties / 5630 W PATRIOT Way
VA ASSUMABLERate: 3.07%

5630 W PATRIOT Way

$385,000
Florence, AZ 85132
4 beds2 baths2,133 sqftSingle Family
The assumable advantage
3.07%
VA assumed rate
$52,627 interest already paid off
Estimated Loan Balance$342,560
Cash to close$43,179
Est. Monthly PITI$1,987
Initial Loan Amount$379,800
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$42,440
Cash or secondary financing
Monthly savings
$647
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Welcome to Anthem at Merrill Ranch! A Del Web Master Planned Community! This 4 bedroom with den, is located in the Arcadia section of Anthem. This community has amenities such as a biking/walking path, clubhouse, community media room, community pool & spa, fitness center, pickleball, playground, a waterpark with slides, and so much more! This 2133 SF home offers a split floor-plan with 3 secondary bedrooms and a good-sized master bedroom, plus a office/den! The wide open great room is bright and airy for all your entertaining! The backyard has a covered patio and turf with rock enhancements and desert plants. Solar panels that provide low summer electric bills!

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 $42,440. 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
Bathrooms2
Square feet2,133
Property typeSingle Family
MLS #7057356
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)
$1,623/mo
Source est. payment (PITI)
$1,987/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$42,440

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

$0$42,440
Additional funds needed$0

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