Properties / 40579 W JENNA Lane
VA ASSUMABLERate: 6.5%

40579 W JENNA Lane

$324,500
Maricopa, AZ 85138
4 beds2 baths1,819 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$35,752 interest already paid off
Estimated Loan Balance$297,534
Cash to close$27,270
Est. Monthly PITI$2,240
Initial Loan Amount$303,000
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$26,966
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

OWNED SOLAR! Electric bills for the past 12 months are available to prospective buyers upon request. Enjoy exceptional energy savings in this beautifully maintained 2019 single-level home located in desirable Homestead North. This spacious home offers 4 bedrooms, 2 bathrooms, and 1,819 square feet of comfortable living space with a popular split floorplan. Tile flooring extends through all high-traffic areas, while the bedrooms feature comfortable carpeting. The open-concept kitchen flows seamlessly into the living and dining areas, making it perfect for everyday living and entertaining. Step outside to a generously sized backyard with plenty of room to relax, play, or create your own outdoor oasis. Residents of Homestead North enjoy parks, jogging paths, playgrounds, bbqs.

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 $26,966. 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
Bathrooms2
Square feet1,819
Property typeSingle Family
MLS #7022852
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)
$1,919/mo
Source est. payment (PITI)
$2,240/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$26,966

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

$0$26,966
Additional funds needed$0

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