Properties / 4340 W MICHIGAN Avenue W
VA ASSUMABLERate: 2.5%

4340 W MICHIGAN Avenue W

$425,000
Glendale, AZ 85308
3 beds2 baths1,739 sqftSingle Family
The assumable advantage
2.5%
VA assumed rate
$47,421 interest already paid off
Estimated Loan Balance$320,962
Cash to close$109,000
Est. Monthly PITI$1,695
Initial Loan Amount$363,165
Time on site50 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$104,038
Cash or secondary financing
Monthly savings
$1,045
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

BACK ON MARKET DUE TO BUYER FINANCING - BUYER COULDN'T QUALIFY. Thoughtfully upgraded single-level home in Bellair offering 3 bedrooms, 2 baths and 1,739 sq. ft. of comfortable Arizona living. The remodeled kitchen features Cambria quartz countertops with transferable lifetime warranty, soft-close cabinetry, stainless appliances, a stone-composite sink and extended cabinetry for additional storage. The living space includes updated flooring, a custom coffered ceiling, crown molding and a fireplace feature wall. Custom high-tensile security screens on the windows and rear exterior doors provide added security while helping reduce solar heat and UV exposure. Energy-efficient French doors and a screened-in porch add to the home's year-round comfort. Enjoy a large .22-acre lot, 2-car garage and Bellair amenities including community pools, tennis and pickleball courts, playgrounds, walking areas and nearby Bellair Golf Park. Seller is open to reasonable concessions with an acceptable offer.

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 $104,038. 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 feet1,739
Property typeSingle Family
MLS #7008067
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)
$1,461/mo
Source est. payment (PITI)
$1,695/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$104,038

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

$0$104,038
Additional funds needed$0

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