Properties / 20000 N 108TH Lane
VA ASSUMABLERate: 2.87%

20000 N 108TH Lane

$325,000
Peoria, AZ 85373
2 beds2 baths1,120 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$25,496 interest already paid off
Estimated Loan Balance$146,535
Cash to close$178,807
Est. Monthly PITI$939
Initial Loan Amount$167,131
Time on site23 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$178,465
Cash or secondary financing
Monthly savings
$1,221
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

LOW ELECTRIC BILLS WITH LEASED SOLAR! Experience comfort, convenience, and active adult living in this inviting 2-bedroom, 2-bathroom home located in the desirable Ventana Lakes 55+ community. This well-maintained home features durable laminate and tile flooring, plantation shutters throughout the living areas, and updated 2019 Samsung appliances. The open floor plan offers spacious living and entertaining areas, plus a versatile den with a built-in desk, perfect for a home office, hobby room, or reading retreat. Enjoy the benefits of leased solar, helping keep electric bills low year-round. Step outside and take advantage of the outstanding resort-style amenities Ventana Lakes has to offer, including multiple scenic lakes, pools, spas, fitness center, sports courts, walking paths, and activities in this vibrant community. Pride of ownership shows in this well-maintained home.

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 $178,465. 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
Bathrooms2
Square feet1,120
Property typeSingle Family
MLS #7068358
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)
$696/mo
Source est. payment (PITI)
$939/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$178,465

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

$0$178,465
Additional funds needed$0

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