Properties / 11641 W Adam Street
VA ASSUMABLERate: 3.69%

11641 W Adam Street

$350,000
Avondale, AZ 85323
3 beds2 baths1,540 sqftSingle Family
The assumable advantage
3.69%
VA assumed rate
$47,490 interest already paid off
Estimated Loan Balance$108,655
Cash to close$241,960
Est. Monthly PITI$940
Initial Loan Amount$139,393
Time on site50 days
Remaining Term19 years, 9 months
Seller's equity (what you pay)
$241,345
Cash or secondary financing
Monthly savings
$1,418
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Great opportunity to make this 3-bedroom, 2-bath home your own! This property offers plenty of room for creativity and renovation, with a fair list price that allows buyers the potential to build equity after improvements. Located in a nice community near schools within great walking distance, a beautiful golf course, and convenient surrounding amenities. The home is in good working condition and is being sold AS-IS. Seller will not be making repairs or cosmetic updates, but don't let that discourage you--this is a great opportunity for the right buyer to add their personal touch. Motivated seller is ready to get the ball rolling!

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 $241,345. 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 feet1,540
Property typeSingle Family
MLS #7043048
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)
$646/mo
Source est. payment (PITI)
$940/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$241,345

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

$0$241,345
Additional funds needed$0

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