Properties / 8556 W CHARTER OAK Road
VA ASSUMABLERate: 3.02%

8556 W CHARTER OAK Road

$419,900
Peoria, AZ 85381
3 beds2 baths1,352 sqftSingle Family
The assumable advantage
3.02%
VA assumed rate
$43,144 interest already paid off
Estimated Loan Balance$221,748
Cash to close$198,669
Est. Monthly PITI$1,296
Initial Loan Amount$254,500
Time on site50 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$198,152
Cash or secondary financing
Monthly savings
$1,395
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

NO HOA, POOL & 2 RV GATES! This updated single-story home checks all the boxes for Arizona living. Step outside to your own backyard retreat featuring a sparkling pool, covered patio, lush grass area, RV gate, and large detached storage shed--plenty of room to entertain, unwind, and store your toys. Inside, the bright and open floor plan features vaulted ceilings, a cozy fireplace, and an updated kitchen with crisp white cabinetry, stainless steel appliances, a large island with bar seating, and abundant storage. The spacious primary suite includes direct backyard access and an updated private bath. Two additional bedrooms and an updated hall bathroom offer plenty of flexibility for family, guests, or a home office.

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 $198,152. 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 feet1,352
Property typeSingle Family
MLS #7052869
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)
$1,081/mo
Source est. payment (PITI)
$1,296/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$198,152

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

$0$198,152
Additional funds needed$0

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