Properties / 5902 N 194th Drive
VA ASSUMABLERate: 6.5%

5902 N 194th Drive

$514,990
Litchfield Park, AZ 85340
3 beds3 baths2,227 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$13,963 interest already paid off
Estimated Loan Balance$515,553
Cash to close$0
Est. Monthly PITI$3,498
Initial Loan Amount$516,489
Time on site50 days
Remaining Term29 years, 8 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

This beautifully designed single-story Irwin home offers 3 bedrooms, a private study, 2.5 baths, and an open-concept layout. Luxury wood plank-style tile flooring flows throughout the main living areas. The chef's kitchen is the heart of the home, featuring an oversized island, designer backsplash, and an abundance of workspace and storage. Enjoy desirable East/West exposure, helping create comfortable natural light throughout the day, Built with energy efficient spray foam insulation, full shear wall and whole home fresh air system. Must see!

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 $0. 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 feet2,227
Property typeSingle Family
MLS #7032673
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)
$3,271/mo
Source est. payment (PITI)
$3,498/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.