Properties / 3511 E BASELINE Road
VA ASSUMABLERate: 6.88%

3511 E BASELINE Road

$235,000
Phoenix, AZ 85042
2 beds2 baths890 sqftSingle Family
The assumable advantage
6.88%
VA assumed rate
$41,559 interest already paid off
Estimated Loan Balance$247,148
Cash to close$0
Est. Monthly PITI$1,866
Initial Loan Amount$253,085
Time on site17 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

INCREDIBLE BUYER INCENTIVES: $3,000 MORTGAGE CONCESSION. Seller will pay up to $3,000 at closing towards your interest rate buydown if you finance with lender of sellers choice. 3511 E Baseline Rd Unit 1125 is a two-story Phoenix townhouse built in 1986. The kitchen features green cabinetry, quartz-style countertops, and a stainless steel refrigerator, microwave, and dishwasher, with a peninsula counter open to the living area below a staircase to the upper level. The primary bedroom includes a walk-in closet for storage and an en-suite bathroom with a single vanity and a tub/shower combination. A second bedroom has its own closet and ceiling fan, and a half bath doubles as the laundry space with washer and dryer connections. French doors off the living room lead to a covered patio, and a

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 $0. 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

Bedrooms2
Bathrooms2
Square feet890
Property typeSingle Family
MLS #7070993
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)
$1,667/mo
Source est. payment (PITI)
$1,866/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.