Properties / 401 E CEDAR Street
VA ASSUMABLERate: 6.81%

401 E CEDAR Street

$251,900
Globe, AZ 85501
2 beds1 baths1,453 sqftSingle Family
The assumable advantage
6.81%
VA assumed rate
$19,882 interest already paid off
Estimated Loan Balance$233,368
Cash to close$19,590
Est. Monthly PITI$1,751
Initial Loan Amount$235,000
Time on site50 days
Remaining Term28 years, 10 months
Seller's equity (what you pay)
$18,532
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

Solid, spacious, and perfectly located.: This 2-bedroom, 1-bath home was built to last, featuring a solid concrete foundation and durable stucco exterior. With generous square footage and great views, it offers both comfort and potential. Conveniently located close to downtown with easy access to Highway 60, the property also includes a spacious side yard, a storage shed, and a two-car garage.

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 $18,532. 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
Bathrooms1
Square feet1,453
Property typeSingle Family
MLS #7015029
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)
$1,542/mo
Source est. payment (PITI)
$1,751/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$18,532

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

$0$18,532
Additional funds needed$0

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