Properties / 15240 N 142ND Avenue
VA ASSUMABLERate: 6.5%

15240 N 142ND Avenue

$307,250
Surprise, AZ 85379
2 beds3 baths1,493 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$26,605 interest already paid off
Estimated Loan Balance$305,372
Cash to close$2,178
Est. Monthly PITI$2,183
Initial Loan Amount$309,125
Time on site50 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$1,878
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

Turnkey living at its finest! This fully furnished 1,493 sq ft condo in the gated Townsquare at Sierra Verde community is move-in ready from day one -- just bring your suitcase. Spread across two stories, this well-maintained home offers generous living space in one of Surprise's most centrally located communities. Enjoy beautifully maintained green common areas, a sparkling community pool, and the peace of mind that comes with a secure, gated neighborhood. Whether you're a first-time buyer, downsizer, or investor, this is a rare opportunity to own a fully appointed home with zero setup required. Conveniently located near shopping, dining, and major corridors. All furnishings included -- priced to reflect the value. Don't miss this one!

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 $1,878. 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

Bedrooms2
Bathrooms3
Square feet1,493
Property typeSingle Family
MLS #7025180
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)
$1,958/mo
Source est. payment (PITI)
$2,183/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$1,878

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

$0$1,878
Additional funds needed$0

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