Properties / 33198 N CAT HILLS Avenue
VA ASSUMABLERate: 6.94%

33198 N CAT HILLS Avenue

$416,900
San Tan Valley, AZ 85144
5 beds3 baths1,914 sqftSingle Family
The assumable advantage
6.94%
VA assumed rate
$66,264 interest already paid off
Estimated Loan Balance$390,711
Cash to close$26,575
Est. Monthly PITI$2,895
Initial Loan Amount$399,990
Time on site28 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$26,189
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

Single-level home, 5-bedroom, 3-bath home in Village at San Tan Heights with a thoughtfully separated layout. Three distinct bedroom zones include a private primary suite near the kitchen plus two secondary-bedroom wings, each served by a full bath. The main living area features a custom wood entertainment center with glass display shelving, integrated lighting, media space and storage. Tile flooring, plantation shutters, kitchen island, tankless water heater and 2-car garage with built-in cabinets add everyday function. The block-fenced backyard includes a freestanding gazebo, storage shed, grass and desert landscaping. Community amenities include a splash pad, lap pool, gym, library, community center, parks and walking trails.

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 $26,189. 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

Bedrooms5
Bathrooms3
Square feet1,914
Property typeSingle Family
MLS #7064863
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)
$2,650/mo
Source est. payment (PITI)
$2,895/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$26,189

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

$0$26,189
Additional funds needed$0

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