Properties / 240 E OAK Street
VA ASSUMABLERate: 6.25%

240 E OAK Street

$244,000
Huachuca City, AZ 85616
3 beds2 baths1,800 sqftSingle Family
The assumable advantage
6.25%
VA assumed rate
$205,482 interest already paid off
Estimated Loan Balance$115,599
Cash to close$135,448
Est. Monthly PITI$1,498
Initial Loan Amount$199,150
Time on site50 days
Remaining Term9 years, 10 months
Seller's equity (what you pay)
$128,401
Cash or secondary financing
Monthly savings
$125
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This home sits on a large corner lot. Has 360 degree views. New roof was put on home 3 years ago. There is a covered patio in the back where you con look out at the mountains. There is tile through most of the home. There is only carpet in the bedroom. There is a large bonus game room with an a/c unit in the wall.

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 $128,401. 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 feet1,800
Property typeSingle Family
MLS #6927122
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)
$1,314/mo
Source est. payment (PITI)
$1,498/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$128,401

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

$0$128,401
Additional funds needed$0

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