Properties / 2060 GILBERT Lane
VA ASSUMABLERate: 3.1%

2060 GILBERT Lane

$789,000
Overgaard, AZ 85933
3 beds3 baths1,584 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$81,805 interest already paid off
Estimated Loan Balance$521,094
Cash to close$272,360
Est. Monthly PITI$2,880
Initial Loan Amount$575,000
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$267,906
Cash or secondary financing
Monthly savings
$2,171
Versus today's market rate
Est. savings per year
$26K
Versus today's market rate

About this home

Mountain Retreat on 10 Acres, Fully Remodeled 3BR/3BA Cabin with Sweeping Pine Views Escape to your own private sanctuary nestled among towering pines on 10 stunning acres. From the moment you turn in, an impressive tree-lined drive sets the tone, guiding you through the property to a beautifully remodeled 3-bedroom, 2-bath cabin that offers the perfect blend of rustic charm and modern luxury. A full covered wraparound porch invites you to slow down and take in the sweeping forest views from every angle. Step inside and be welcomed by soaring pine-framed ceilings, a cozy wood-burning fireplace, and a thoughtfully designed open-concept floor plan. The gourmet kitchen is a true showpiece, featuring a generous center island with slab granite countertops, stainless steel appliances, and abundant space for entertaining family and friends. Unwind at the end of the day in your serene primary suite, complete with a deep soaker tub, separate walk-in shower, and dual executive vanities. Two additional guest bedrooms share a full bath, and a charming loft overlooks the great room below -- perfect for a reading nook, home office, or extra guest space. No detail has been overlooked in this top-to-bottom remodel. Recent upgrades include: Brand-new roof, HVAC, and heating systems All-new plumbing throughout Fully renovated bathrooms New flooring throughout the home New wood-framed, dual-pane low-E windows for exceptional energy efficiency Expansive new wraparound deck Dedicated workshop and storage shed Whether you're seeking a full-time mountain residence, a weekend getaway, or an income-producing vacation rental, this turnkey cabin delivers on every level. Properties with this much land, this many updates, and these kinds of views don't come along often -- come experience it for yourself. Some properties simply can't be conveyed through a lens. This exceptional home and its surrounding land possess a magic that must be seen, felt, and experienced firsthand.

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 $267,906. 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 feet1,584
Property typeSingle Family
MLS #7031538
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$2,482/mo
Source est. payment (PITI)
$2,880/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$267,906

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

$0$267,906
Additional funds needed$0

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