Properties / 1010 E DESERT INN Drive
VA ASSUMABLERate: 6.34%

1010 E DESERT INN Drive

$499,900
Chandler, AZ 85249
2 beds2 baths2,054 sqftSingle Family
The assumable advantage
6.34%
VA assumed rate
$91,776 interest already paid off
Estimated Loan Balance$437,262
Cash to close$63,664
Est. Monthly PITI$3,152
Initial Loan Amount$454,000
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$62,638
Cash or secondary financing
Monthly savings
$116
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Largest Home Currently Available in Springfield Lakes, Guard Gated, Luxury Resort Style Adult Community with 18 Hole Golf Course, Pickleball & Tennis Courts, 2 Community Pools & Spa, Bocce Ball & Basketball Courts, Community Center with Billiards, Office, Conference Room, Restaurant and more! New Roof (2023) w/ 10 yr Warranty, New Pella Windows & Doors (2007), Permitted Addition, (Oversized 9,187 sq. ft. corner lot delivers perfect balance of comfort and flexibility with a spacious & practical floorplan ideal for in house caregiver or guests. Springfield stands apart from many 55+ communities by offering qualifying occupancy flexibility that can accommodate residents under 55 in accordance with community guidelines - making it an excellent option for multigenerational living, adult children, or caregivers while still enjoying the benefits of an active adult lifestyle. NO Carpet -gorgeous wood-like tile flooring, newer interior paint, dual-pane windows (7 of which are newer Pella Windows July 2007), Newer Back Patio Pella French Doors (July 2007), soaring ceilings, and expansive living spaces designed for both entertaining and everyday enjoyment. Open Concept kitchen has granite counters, stainless steel appliances, abundant cabinetry, a breakfast bar, pantry & sunny dining nook surrounded by windows. Stainless Steel Fridge, Washer & Dryer included. Unlike many homes in active adult communities, this floor plan offers exceptional versatility with 2 bedrooms, 2 bathrooms, an enclosed den, an Arizona room, and a bonus flex room off the oversized primary suite--perfect for a home office, fitness room, craft studio, library, media room, or guest retreat. Step outside to your private backyard featuring mature shade trees, a covered patio, and desirable north/south exposure, creating an ideal setting for relaxing or entertaining year-round. Residents enjoy an exceptional amenity package including a championship executive 18 hole golf course, 2 Community Pools (Lounge and Lap), Spa, fitness center, pickleball and tennis courts, clubhouse, restaurant, walking paths, and a vibrant calendar filled with clubs, activities, and social events--all within the security of a beautifully maintained guard-gated community. If you've been searching for more space without sacrificing the ease of active adult living, this home & lifestyle are for you!

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 $62,638. 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
Bathrooms2
Square feet2,054
Property typeSingle Family
MLS #7050150
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)
$2,832/mo
Source est. payment (PITI)
$3,152/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$62,638

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

$0$62,638
Additional funds needed$0

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