Properties / 5002 E LE MARCHE Avenue
VA ASSUMABLERate: 2.72%

5002 E LE MARCHE Avenue

$889,000
Scottsdale, AZ 85254
3 beds2 baths1,882 sqftSingle Family
The assumable advantage
2.72%
VA assumed rate
$48,457 interest already paid off
Estimated Loan Balance$292,711
Cash to close$596,991
Est. Monthly PITI$1,863
Initial Loan Amount$335,670
Time on site9 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$596,289
Cash or secondary financing
Monthly savings
$3,871
Versus today's market rate
Est. savings per year
$46K
Versus today's market rate

About this home

A MUST SEE! This fabulous home is situated on the 2nd largest lot in the Neighborhood, in the Magical Zip Code 85254! NO HOA. Updated just right! BRAND NEW beautiful porcelain wood-look tile just installed in all of the main living areas. NO carpet here! The preferred split, Great Room floor plan offers additional living space for a formal dining & living room, or game room. The Primary Suite has just been remodeled perfectly with a jetted tub & tiled walk-in shower. Plantation shutters throughout. This PRIVATE Resort Style Backyard boasts a newly resurfaced sparkling play pool, spa, built-in BBQ, covered patio, large grassy area, storage shed, and lots of palm trees & mature landscaping. Close to Kierland & Scottsdale Quarter for fine dining & shopping. Put this one at the top of your list!

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 $596,289. 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 feet1,882
Property typeSingle Family
MLS #7074691
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)
$1,372/mo
Source est. payment (PITI)
$1,863/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$596,289

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

$0$596,289
Additional funds needed$0

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