Properties / 9515 W NORTH Lane
VA ASSUMABLERate: 4.17%

9515 W NORTH Lane

$252,900
Peoria, AZ 85345
3 beds2 baths1,025 sqftSingle Family
The assumable advantage
4.17%
VA assumed rate
$44,337 interest already paid off
Estimated Loan Balance$237,672
Cash to close$17,749
Est. Monthly PITI$1,427
Initial Loan Amount$255,000
Time on site50 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$15,228
Cash or secondary financing
Monthly savings
$233
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Welcome to this recently renovated Gemini home in a desirable 55+ community in Peoria, AZ! This charming 2-bedroom, 1.5-bath residence offers 1,025 sq. ft. of comfortable living space designed for easy, low-maintenance living. Features include a spacious living area, updated finishes, and a versatile flex room ideal for a home office, den, hobby room, or potential guest space. The 1-car garage provides convenient parking and additional storage. Enjoy the benefits of a prime location just minutes from shopping, dining, golf, and the Glendale Entertainment District, which includes the AZ Cardinals Stadium. Westgate Shopping Center, the new VAI Hotel & Amusement Park, Top Golf, and so much more! Move-in ready! Your new home awaits!

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 $15,228. 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 feet1,025
Property typeSingle Family
MLS #6994901
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)
$1,258/mo
Source est. payment (PITI)
$1,427/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$15,228

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

$0$15,228
Additional funds needed$0

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