Properties / 16999 W MAGNOLIA Street
VA ASSUMABLERate: 3.16%

16999 W MAGNOLIA Street

$375,000
Goodyear, AZ 85338
3 beds2 baths1,822 sqftSingle Family
The assumable advantage
3.16%
VA assumed rate
$47,046 interest already paid off
Estimated Loan Balance$228,494
Cash to close$147,554
Est. Monthly PITI$1,416
Initial Loan Amount$261,477
Time on site49 days
Remaining Term24 years
Seller's equity (what you pay)
$146,506
Cash or secondary financing
Monthly savings
$1,078
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Beautifully maintained Shea Homes residence in Canyon Trails! This 3 bedroom, 2 bath split floor plan offers 1,822 sq ft of comfortable living. The kitchen shines with beautiful cabinetry, granite counters, ceramic tile backsplash, smooth cooktop, built-in microwave, pantry and eat-in dining. A separate den/office and spacious family room give you room to spread out. The large primary suite features a full bath with separate shower and tub, double vanity and walk-in closet. Enjoy tile/LVP flooring, high-speed internet, inside laundry and a 2 car garage with keyless entry. Desert landscaping in front and easy-care artificial turf and pavers in back perfect for entertaining. Leased solar panels help keep energy costs down -- buyer to assume solar lease.

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 $146,506. 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
Bathrooms2
Square feet1,822
Property typeSingle Family
MLS #7058033
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,133/mo
Source est. payment (PITI)
$1,416/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$146,506

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

$0$146,506
Additional funds needed$0

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