Properties / 6902 E PALM Lane
VA ASSUMABLERate: 7.24%

6902 E PALM Lane

$769,500
Scottsdale, AZ 85257
3 beds2 baths1,625 sqftSingle Family
The assumable advantage
7.24%
VA assumed rate
$143,715 interest already paid off
Estimated Loan Balance$735,471
Cash to close$34,731
Est. Monthly PITI$5,475
Initial Loan Amount$754,090
Time on site35 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$34,029
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

South Scottsdale living, fully reimagined. This 3-bed, 2-bath Cox Heights home has been renovated top to bottom since 2023 - pool, fresh front yard landscaping, and a new dry bar with a wine fridge for easy entertaining. Steps from the Scottsdale Greenbelt, minutes to Old Town Scottsdale, Fashion Square Mall, Papago Park, and Tempe Town Lake/ASU, with quick access to the 101 and 202. Zoned to Yavapai Elementary, Tonalea Middle, and Coronado High School.

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 $34,029. 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 feet1,625
Property typeSingle Family
MLS #7063654
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)
$5,149/mo
Source est. payment (PITI)
$5,475/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$34,029

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

$0$34,029
Additional funds needed$0

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