Properties / 2221 N 94th Avenue
VA ASSUMABLERate: 5.23%

2221 N 94th Avenue

$425,000
Phoenix, AZ 85037
4 beds3 baths2,603 sqftSingle Family
The assumable advantage
5.23%
VA assumed rate
$95,093 interest already paid off
Estimated Loan Balance$424,304
Cash to close$2,595
Est. Monthly PITI$2,825
Initial Loan Amount$450,000
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$696
Cash or secondary financing
Monthly savings
$12
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Spacious 4 bedroom, 2.5 bathroom west Phoenix home with solar, on a large corner lot in Sheely Farms with no neighbor to the rear or south. This well-maintained property offers a perfect combination of comfort, functionality, and outdoor entertainment. The home features a large front living room, separate family room, and oversized upstairs loft. Upgrades include tile in all high-traffic areas, neutral carpet, fresh paint, upgraded 2-inch wood blinds and ceiling fans throughout. The kitchen is open to the living space and includes granite countertops, stainless steel appliances, breakfast bar, separate pantry, and ample cabinet space. All bedrooms are located upstairs, including the massive primary suite with an oversized walk-in closet, garden tub, step-in shower, and dual sink vanity. Enjoy a true backyard retreat with a sparkling private pool featuring a waterfall and slide, built-in BBQ, outdoor fireplace, extended paver patio, and putting green -ideal for entertaining or relaxing year-round.

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 $696. 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
Bathrooms3
Square feet2,603
Property typeSingle Family
MLS #7038734
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)
$2,494/mo
Source est. payment (PITI)
$2,825/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$696

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

$0$696
Additional funds needed$0

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