Properties / 21843 N 51ST Street
VA ASSUMABLERate: 4.2%

21843 N 51ST Street

$850,000
Phoenix, AZ 85054
3 beds3 baths2,427 sqftSingle Family
The assumable advantage
4.2%
VA assumed rate
$181,583 interest already paid off
Estimated Loan Balance$309,787
Cash to close$540,213
Est. Monthly PITI$2,634
Initial Loan Amount$413,378
Time on site22 days
Remaining Term18 years, 3 months
Seller's equity (what you pay)
$540,213
Cash or secondary financing
Monthly savings
$2,985
Versus today's market rate
Est. savings per year
$36K
Versus today's market rate

About this home

Beautifully renovated and privately positioned against a serene natural desert preserve, this 3 bedroom, 2.5 bath home offers elevated living within a gated community in highly desirable Desert Ridge. Soaring ceilings, abundant natural light and new luxury vinyl plank flooring create a bright, sophisticated interior, while new quartz countertops throughout add a fresh, modern finish. The open concept kitchen features stainless steel appliances, an oversized island with generous prep and gathering space, and seamless connection to the dining and living areas. A fireplace anchors the main living space, while the upstairs loft offers flexible space for a media room, home office or second living area, along with two additional bedrooms and a full bath. The spacious main level primary suite offers a private retreat with a large walk-in closet and ensuite bath featuring dual vanities, a soaking tub and separate shower. Step outside to your own private Arizona retreat featuring a sparkling pool, expansive travertine patio, covered outdoor living area and built-in BBQ, all overlooking the natural desert preserve with no immediate rear neighbor, creating a peaceful backdrop and added privacy. Additional updates include a new roof installed in 2020 with a 20-year warranty and two HVAC systems, including one approximately 2 years old. Ideally located in Desert Ridge with convenient access to premier shopping, dining and entertainment, as well as Wildfire Golf Club at JW Marriott, Loop 101 and North Scottsdale.

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 $540,213. 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
Bathrooms3
Square feet2,427
Property typeSingle Family
MLS #7068733
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)
$2,028/mo
Source est. payment (PITI)
$2,634/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$540,213

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

$0$540,213
Additional funds needed$0

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