Properties / 40641 N BARRED Place
VA ASSUMABLERate: 2.79%

40641 N BARRED Place

$674,999
San Tan Valley, AZ 85140
4 beds4 baths2,924 sqftSingle Family
The assumable advantage
2.79%
VA assumed rate
$75,270 interest already paid off
Estimated Loan Balance$518,377
Cash to close$158,975
Est. Monthly PITI$2,806
Initial Loan Amount$580,000
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$156,622
Cash or secondary financing
Monthly savings
$1,585
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

ASSUMABLE VA LOAN AT 3.1% Bring all the toys! This home is designed for adventure with a 3-car garage, extended concrete driveway, oversized RV gate, and HOA-approved RV parking--perfect for your RV, boat, trailer, side-by-side, or other toys. Inside you'll find an open floor plan, a private office with double doors, and a kitchen featuring beautiful quartz countertops, a gas range, stainless steel appliances, and a butler's pantry. Plantation shutters throughout add timeless style and privacy. The thoughtful split floor plan offers a private guest suite with its own bath, a Jack-and-Jill bath between two secondary bedrooms, and walk-in closets in every bedroom. Enjoy a low-maintenance backyard with a paver patio and synthetic turf. Ask about the potential interest rate buydown!

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 $156,622. 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
Bathrooms4
Square feet2,924
Property typeSingle Family
MLS #7051483
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)
$2,396/mo
Source est. payment (PITI)
$2,806/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$156,622

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

$0$156,622
Additional funds needed$0

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