Properties / 18664 E LARK Drive
VA ASSUMABLERate: 3.47%

18664 E LARK Drive

$533,900
Queen Creek, AZ 85142
4 beds2 baths1,913 sqftSingle Family
The assumable advantage
3.47%
VA assumed rate
$52,536 interest already paid off
Estimated Loan Balance$239,191
Cash to close$295,234
Est. Monthly PITI$1,530
Initial Loan Amount$272,000
Time on site34 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$294,709
Cash or secondary financing
Monthly savings
$1,927
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

Beautiful 4-bed, 2-bath home w/ pool in desirable Cortina! Features a 2-car garage, manicured landscaping & charming front porch. Inside, enjoy soaring ceilings, abundant natural light, fresh interior paint, tile in main living areas, & newer carpet in the bedrooms. The kitchen boasts of new granite counters, dark SS appliances, a pantry, recessed lighting, ample cabinetry, & island w/ breakfast bar. Both bathrooms feature upgraded granite countertops. Other recent improvements include a new patio door, new windows w/ a LIFETIME warranty, new roof underlayment w/ a transferable 30-YEAR warranty, newer water heater, & new garage door opener-nearly $50k in upgrades! The backyard is perfect w/ a covered patio, pergola, pavers, artificial turf, & saltwater pool! Great community amenities!

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 $294,709. 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 feet1,913
Property typeSingle Family
MLS #7064104
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)
$1,222/mo
Source est. payment (PITI)
$1,530/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$294,709

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

$0$294,709
Additional funds needed$0

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