Properties / 3533 E LINDA Lane
VA ASSUMABLERate: 3.75%

3533 E LINDA Lane

$650,000
Gilbert, AZ 85234
4 beds3 baths2,127 sqftSingle Family
The assumable advantage
3.75%
VA assumed rate
$81,818 interest already paid off
Estimated Loan Balance$288,144
Cash to close$362,505
Est. Monthly PITI$1,873
Initial Loan Amount$334,500
Time on site31 days
Remaining Term23 years, 1 month
Seller's equity (what you pay)
$361,856
Cash or secondary financing
Monthly savings
$2,277
Versus today's market rate
Est. savings per year
$27K
Versus today's market rate

About this home

Welcome to Higley Groves at Morrison Ranch, where mature tree-lined streets, lush greenbelts, white picket fences and an incredible neighborhood canopy create one of the most recognizable and sought-after settings in Gilbert. This beautifully refreshed 4-bedroom, 3-bath home offers 2,127 square feet, a private pool and an impressive list of recent improvements, including BRAND-NEW ROOF UNDERLAYMENT WITH A 10-YEAR WARRANTY, new high-end luxury vinyl plank flooring, new carpet, new baseboards, and fresh interior AND exterior paint in timeless, beautifully coordinated colors. The floor plan is exceptional. Formal living and dining spaces welcome you inside before transitioning into the heart of the home, where the kitchen opens beautifully to an eat-in dining area and spacious family room. Just around the corner, the downstairs bedroom offers tremendous flexibility and sits immediately adjacent to a full bathroom, creating an ideal setup for guests, a home office or multigenerational living. Upstairs, two additional bedrooms along with another full bathroom, while a convenient landing provides extra storage or space for a workstation. The generously sized primary suite feels like a true retreat with vaulted ceilings, a large walk-in closet and spacious bathroom featuring dual vanities, a separate soaking tub and shower, and private toilet room. Step outside to a covered patio surrounded by mature landscaping and an established shade tree, then cool off in the sparkling PRIVATE POOL that makes this backyard such a special place to enjoy Arizona living. And the location is difficult to beat. This home sits just steps from the neighborhood park system and Highland Park Elementary in one of the most established sections of Morrison Ranch, where decades of mature growth have created a remarkable canopy over the streets. Parks, greenbelts and walking paths weave throughout the neighborhood, while shopping, dining, schools and freeway access are all conveniently nearby. New roof underlayment. New flooring. New carpet. New paint. Private pool. An outstanding floor plan. And one of the most beautiful neighborhoods in Gilbert. This is Morrison Ranch at its best.

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 $361,856. 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

Bedrooms4
Bathrooms3
Square feet2,127
Property typeSingle Family
MLS #7065019
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)
$1,556/mo
Source est. payment (PITI)
$1,873/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$361,856

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

$0$361,856
Additional funds needed$0

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