Properties / 270 S SUTHERLAND Street
VA ASSUMABLERate: 6.95%

270 S SUTHERLAND Street

$329,900
Globe, AZ 85501
3 beds2 baths1,980 sqftSingle Family
The assumable advantage
6.95%
VA assumed rate
$37,248 interest already paid off
Estimated Loan Balance$289,564
Cash to close$40,336
Est. Monthly PITI$2,158
Initial Loan Amount$295,000
Time on site0 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$40,336
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

**$8k in concessions offered for a full price offer!!** If you're seeking space, this could be the perfect fit! This lovely, spacious home features 3 bedrooms and 1.5 baths. Enjoy a two-story layout with high ceilings on the top floor, a living room with an adjacent loft, and an office that can easily be converted into an additional bedroom if needed. The master bedroom includes an oversized walk-in closet and a modern tiled shower with elegant gold fixtures. Downstairs, you'll find a generous living and dining area, along with the kitchen, laundry space, and two additional bedrooms. One bedroom features two closets and a convenient Jack & Jill half bath, as well as a tankless water heater. Outside, the fenced backyard includes a large workshop, perfect for hobbyists or extra storage. The property also includes a drip irrigation system and French drains that lead to a nearby creek. With so much potential, this house offers abundant space. Don't miss the opportunity to see this spacious home!

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 $40,336. 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 feet1,980
Property typeSingle Family
MLS #7079431
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)
$1,955/mo
Source est. payment (PITI)
$2,158/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$40,336

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

$0$40,336
Additional funds needed$0

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