Properties / 1557 E DOUGLAS Avenue
VA ASSUMABLERate: 4.08%

1557 E DOUGLAS Avenue

$640,000
Gilbert, AZ 85234
4 beds3 baths2,445 sqftSingle Family
The assumable advantage
4.08%
VA assumed rate
$115,245 interest already paid off
Estimated Loan Balance$221,267
Cash to close$419,369
Est. Monthly PITI$1,798
Initial Loan Amount$288,000
Time on site22 days
Remaining Term19 years
Seller's equity (what you pay)
$418,733
Cash or secondary financing
Monthly savings
$2,378
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Welcome to your Gilbert retreat, with NO HOA! Located just minutes from the heart of downtown, this stunning 4-bedroom, 3-bathroom home perfectly balances everyday comfort with effortless entertaining. Stepping inside, your eyes are drawn to the oversized accordion door that seamlessly blends indoor and outdoor living. Open it up to reveal a beautifully updated backyard oasis, complete with a refreshing pool, covered patio, and lush grass area, ideal for weekend BBQs or quiet evenings under the stars. At the center of the home sits an inviting kitchen that flows into the main living spaces, making hosting a breeze. A generous main-floor bedroom with a full bath directly across the hall offers the perfect private setup for guests or a home office. This home is ready for its next owner

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 $418,733. 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 feet2,445
Property typeSingle Family
MLS #7067589
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)
$1,396/mo
Source est. payment (PITI)
$1,798/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$418,733

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

$0$418,733
Additional funds needed$0

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