Properties / 6816 N 29TH Lane
VA ASSUMABLERate: 6.34%

6816 N 29TH Lane

$354,000
Phoenix, AZ 85017
4 beds2 baths1,955 sqftSingle Family
The assumable advantage
6.34%
VA assumed rate
$73,785 interest already paid off
Estimated Loan Balance$353,568
Cash to close$2,868
Est. Monthly PITI$2,482
Initial Loan Amount$365,000
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$432
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

Seller is motivated and welcomes all reasonable offers. Welcome to this spacious townhome located in a well-maintained community featuring a grassy park, large community pool, and clubhouse. With four bedrooms and two bathrooms, this home offers both a comfortable living room and a separate family room, creating flexible space for everyday living and entertaining. The kitchen has been updated with granite countertops and black appliances, while durable tile flooring runs throughout the main living areas. Large windows across the back of the home bring in natural light and provide views of the fully fenced backyard and open grassy area beyond. Step outside to enjoy the private backyard, complete with a hot tub that is included with the home. The front courtyard provides another inviting outdoor space to relax and enjoy the neighborhood setting. Improvements include windows, plumbing, a newer air conditioning system and roof was redone in 2024 with a 10 year warranty. The laundry room offers additional storage space, and the HOA maintains the front landscaping for added convenience. Ideally located with convenient access to downtown Phoenix, Grand Canyon University, and nearby shopping, dining, and transportation routes.

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 $432. 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 feet1,955
Property typeSingle Family
MLS #6996032
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)
$2,287/mo
Source est. payment (PITI)
$2,482/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$432

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

$0$432
Additional funds needed$0

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