Properties / 516 E MOUNTAIN VIEW Drive
VA ASSUMABLERate: 6.65%

516 E MOUNTAIN VIEW Drive

$415,000
Avondale, AZ 85323
3 beds2 baths1,678 sqftSingle Family
The assumable advantage
6.65%
VA assumed rate
$39,623 interest already paid off
Estimated Loan Balance$397,069
Cash to close$20,560
Est. Monthly PITI$2,854
Initial Loan Amount$400,303
Time on site50 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$17,931
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

Nicely upgraded and ideally located, this 3-bed, 2-bath home offers 1,793 square feet of spacious living! The inviting kitchen features a walk-in pantry, granite countertops, and a large island. Wood plank tile flooring flows throughout the main living areas. Step outside to a covered back patio and a beautifully finished backyard with low-maintenance rock and artificial grass landscaping. Set near the Estrella and White Tank Mountain ranges, this home enjoys close proximity to shopping, dining, and entertainment at Palm Valley and Gateway Pavilions, along with a short drive to prestigious golf courses. With easy access to I-10, Loop 101, Loop 202, and Loop 303, commuting and exploring the Valley is a breeze. A wonderful blend of location and lifestyle!

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 $17,931. 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 feet1,678
Property typeSingle Family
MLS #6981993
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)
$2,589/mo
Source est. payment (PITI)
$2,854/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$17,931

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

$0$17,931
Additional funds needed$0

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