Properties / 3480 S JACANA Lane
VA ASSUMABLERate: 3.03%

3480 S JACANA Lane

$450,000
Gilbert, AZ 85297
3 beds3 baths1,705 sqftSingle Family
The assumable advantage
3.03%
VA assumed rate
$53,318 interest already paid off
Estimated Loan Balance$263,835
Cash to close$185,539
Est. Monthly PITI$1,594
Initial Loan Amount$305,600
Time on site2 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$186,165
Cash or secondary financing
Monthly savings
$1,361
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to this bright and inviting 3-bedroom, 2.5-bath home, ideally situated on a desirable corner lot with a thoughtfully designed open floor plan. Fresh paint is being completed throughout the interior and exterior, giving the home a crisp, refreshed feel from the moment you arrive. The main living areas feature easy-care tile flooring, while carpeted bedrooms provide a comfortable contrast. A large sliding glass door creates a seamless connection between the interior and backyard, bringing in plenty of natural light and opening the home to the outdoor living space. The kitchen offers granite countertops, stainless steel appliances, and beautifully detailed cabinetry with crown molding, creating a stylish and functional gathering space. The stainless appliances are approximately 2½ years old. Outside, the low-maintenance corner-lot landscaping includes a rock-covered front yard with established landscaping, while the backyard features artificial turf, planter boxes, and paver accents for an easy-care setting perfect for relaxing or entertaining. Major improvements include a new roof installed in February, with fresh exterior paint currently underway. The A/C is original, offering the opportunity for a future upgrade while the home already benefits from several recent improvements. With its open layout, desirable corner location, refreshed interiors, new roof, and low-maintenance backyard, this home offers a wonderful combination of comfort and value.

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 $186,165. 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 feet1,705
Property typeSingle Family
MLS #7077169
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)
$1,293/mo
Source est. payment (PITI)
$1,594/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$186,165

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

$0$186,165
Additional funds needed$0

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