Properties / 2933 E FAIRMOUNT Avenue
VA ASSUMABLERate: 3.16%

2933 E FAIRMOUNT Avenue

$399,000
Phoenix, AZ 85016
3 beds3 baths1,632 sqftSingle Family
The assumable advantage
3.16%
VA assumed rate
$47,828 interest already paid off
Estimated Loan Balance$233,351
Cash to close$168,310
Est. Monthly PITI$1,370
Initial Loan Amount$265,822
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$165,649
Cash or secondary financing
Monthly savings
$1,193
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Beautifully remodeled 3-bedroom townhome in the sought-after Villa Seville community, offering modern design, quality upgrades, and an unbeatable location. Recently refreshed with a full interior repaint, plus a newer AC unit and water heater, this home is truly move-in ready. The open-concept layout features a spacious living area and a stunning kitchen complete with abundant cabinetry, newer appliances, and a double oven, making it ideal for both everyday living and entertaining. Large, newer downstairs windows bring in natural light, while updated ceiling fans and clean, modern finishes create a comfortable and inviting atmosphere throughout. Step outside to a private back patio that connects seamlessly to the kitchen, perfect for relaxing or hosting gatherings year-round. Located i heart of Arcadia, you're just minutes from some of the area's best dining, shopping, and entertainment in both Arcadia and Scottsdale, with convenient access to the Biltmore, SR-51, and Loop 202. Move-in ready and perfectly positioned - schedule your private tour today!

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 $165,649. 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 feet1,632
Property typeSingle Family
MLS #7022295
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,160/mo
Source est. payment (PITI)
$1,370/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$165,649

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

$0$165,649
Additional funds needed$0

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