Properties / 2335 S 236TH Drive
VA ASSUMABLERate: 2.25%

2335 S 236TH Drive

$399,800
Buckeye, AZ 85326
3 beds2 baths2,005 sqftSingle Family
The assumable advantage
2.25%
VA assumed rate
$26,000 interest already paid off
Estimated Loan Balance$191,907
Cash to close$210,902
Est. Monthly PITI$1,185
Initial Loan Amount$218,806
Time on site50 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$207,893
Cash or secondary financing
Monthly savings
$1,506
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome to this beautifully maintained Meritage Homes property offering a highly functional floor plan with 3 bedrooms, a den, and a versatile flex/teen room. Positioned between the two secondary bedrooms, the flex space is perfect as a children's play area, game room, home gym, or additional living space. The den is thoughtfully located near the front entry, separated from the other bedrooms, making it an ideal home office or an easy option for a fourth bedroom. The kitchen is designed for both everyday living and entertaining, featuring staggered cabinetry, granite countertops, pendant lighting above the island with breakfast bar seating, a subway tile backsplash, stainless steel appliances, and an oversized walk-in pantry. The home also includes a water softener and whole-home filtration system for added comfort and convenience. Outside, you'll appreciate the beautiful Craftsman-style exterior and great curb appeal. The low-maintenance backyard offers an extended paver patio and artificial turf, creating an inviting space to relax or entertain. Situated on a premium lot with no neighbors behind, no direct neighbor on one side, and generous separation from the home on the other, this property offers an exceptional level of privacy. A neighborhood park with a playground is just steps away, while abundant shopping, dining, and everyday conveniences are only minutes from your doorstep. Built by Meritage Homes, known for quality construction and energy-efficient features, this well-cared-for home is truly move-in ready. As an added bonus, all furniture and décor may be included with the right offer, if desired. VA loan is assumable at 2.25% interest rate with a balance of about $190k.

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 $207,893. 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 feet2,005
Property typeSingle Family
MLS #7052237
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)
$852/mo
Source est. payment (PITI)
$1,185/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$207,893

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

$0$207,893
Additional funds needed$0

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