Properties / 20701 S 189TH Street
VA ASSUMABLERate: 6.02%

20701 S 189TH Street

$900,000
Queen Creek, AZ 85142
3 beds4 baths3,199 sqftSingle Family
The assumable advantage
6.02%
VA assumed rate
$177,683 interest already paid off
Estimated Loan Balance$750,529
Cash to close$150,446
Est. Monthly PITI$5,179
Initial Loan Amount$788,942
Time on site25 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$149,471
Cash or secondary financing
Monthly savings
$555
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

What a gorgeous 3-bedroom estate filled w/exceptional features you'll surely love! Lovely curb appeal w/a 3-car garage, RV gate, and manicured landscape is just the beginning. Discover a spacious open floor plan that maximizes space and creates a seamless flow for everyday living and effortless entertaining. Timeless elegance shines throughout w/wood-look tile flooring, custom palette, plantation shutters, stylish light fixtures, and abundant natural light. Chef's kitchen boasts subway tile backsplash, high-end SS appliances, a pantry, granite counters, a large island w/a breakfast bar, and ample cabinetry adorned w/crown moulding. Romantic main retreat showcases a modern ensuite w/a soaking tub and a walk-in closet. PLUS! Versatile den makes the ideal spot for a play area, gym, or office. Generous-size backyard includes a covered patio and artificial turf. This one-of-a-kind gem is the one for you!

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 $149,471. 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
Bathrooms4
Square feet3,199
Property typeSingle Family
MLS #7067598
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)
$4,753/mo
Source est. payment (PITI)
$5,179/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$149,471

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

$0$149,471
Additional funds needed$0

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