Properties / 20949 S 214TH Place
VA ASSUMABLERate: 3.55%

20949 S 214TH Place

$459,900
Queen Creek, AZ 85142
3 beds3 baths2,054 sqftSingle Family
The assumable advantage
3.55%
VA assumed rate
$59,530 interest already paid off
Estimated Loan Balance$361,876
Cash to close$98,024
Est. Monthly PITI$2,116
Initial Loan Amount$396,601
Time on site8 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$98,024
Cash or secondary financing
Monthly savings
$916
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Exceptional value in Langley Gateway Estates, priced below recent comparable sales. This 3-bedroom, 2.5-bath, 2,054 sq ft home with a versatile loft offers flexible living with separate family and great rooms. The kitchen features abundant storage, pantry, electric cooking, eat-in dining, plus formal dining. Upstairs, the primary suite offers a walk-in closet, dual vanity, and private water closet. Updated flooring adds a fresh finish, while the backyard features pavers, artificial turf, and a ramada. Enjoy a nearby community playground, Queen Creek shopping and dining, plus resident access to the Queen Creek Recreation & Aquatic Center, with fitness facilities, indoor courts and track, pools, four water slides, and a 500-foot lazy river!

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 $98,024. 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
Bathrooms3
Square feet2,054
Property typeSingle Family
MLS #7075082
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)
$1,796/mo
Source est. payment (PITI)
$2,116/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$98,024

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

$0$98,024
Additional funds needed$0

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