Properties / 718 W STRAFORD Drive
VA ASSUMABLERate: 3.46%

718 W STRAFORD Drive

$394,000
Chandler, AZ 85225
2 beds1 baths1,036 sqftSingle Family
The assumable advantage
3.46%
VA assumed rate
$42,160 interest already paid off
Estimated Loan Balance$107,059
Cash to close$286,941
Est. Monthly PITI$848
Initial Loan Amount$137,283
Time on site8 days
Remaining Term20 years, 2 months
Seller's equity (what you pay)
$286,941
Cash or secondary financing
Monthly savings
$1,709
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Kitchen opens to dining area and great room off dining area. 2 bedrooms, double garage and a yard...and it is not a condo! WOW come take a peak, see the potential, fall in love, make an offer. You have been thinking about owning a single family detached home, correct? If you ask your agent I bet they would show you this home because they believe in your dream.

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 $286,941. 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 feet1,036
Property typeSingle Family
MLS #7075113
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)
$615/mo
Source est. payment (PITI)
$848/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$286,941

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

$0$286,941
Additional funds needed$0

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