Properties / 2404 S 124TH Drive
VA ASSUMABLERate: 5.3%

2404 S 124TH Drive

$530,000
Avondale, AZ 85323
5 beds3 baths2,939 sqftSingle Family
The assumable advantage
5.3%
VA assumed rate
$105,042 interest already paid off
Estimated Loan Balance$471,089
Cash to close$59,606
Est. Monthly PITI$3,191
Initial Loan Amount$500,000
Time on site24 days
Remaining Term26 years
Seller's equity (what you pay)
$58,911
Cash or secondary financing
Monthly savings
$341
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Welcome to your dream home! This stunning two-story residence, built in 2021, offers nearly 3,000 square feet of luxurious living space with 5 spacious bedrooms and 3 beautifully appointed bathrooms. The open-concept floor plan seamlessly blends the living, dining, and kitchen areas, creating an inviting space for entertaining and everyday living. Step outside to your large backyard, a private oasis with no back or front neighbors, ideal for outdoor activities and relaxation. Conveniently located just minutes from the I-10 freeway, you'll have easy access to a wide array of dining, shopping, and entertainment options. This

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 $58,911. 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

Bedrooms5
Bathrooms3
Square feet2,939
Property typeSingle Family
MLS #7067866
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)
$2,785/mo
Source est. payment (PITI)
$3,191/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$58,911

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

$0$58,911
Additional funds needed$0

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