Properties / 10650 W ELECTRA Lane
VA ASSUMABLERate: 2.93%

10650 W ELECTRA Lane

$1,250,000
Peoria, AZ 85383
4 beds3 baths2,795 sqftSingle Family
The assumable advantage
2.93%
VA assumed rate
$76,955 interest already paid off
Estimated Loan Balance$407,285
Cash to close$844,642
Est. Monthly PITI$2,397
Initial Loan Amount$468,330
Time on site42 days
Remaining Term24 years
Seller's equity (what you pay)
$842,715
Cash or secondary financing
Monthly savings
$5,401
Versus today's market rate
Est. savings per year
$65K
Versus today's market rate

About this home

Welcome to this beautifully maintained home in one of Peoria's most desirable communities. Featuring a stunning new wrought iron front door and fresh exterior paint completed in 2025, this home offers excellent curb appeal from the moment you arrive. Inside, you'll find a spacious and functional layout with all appliances included. The home also features a 130 inch projection screen and projector, creating the perfect space for movie nights or watching the big game. Step outside to enjoy the new covered rear patio, swimming pool ideal for entertaining or relaxing year-round. For those needing extra parking or storage, the property includes a massive 14 x 45 foot RV pad, and the HOA has already approved the addition of an RV garage.

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 $842,715. 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
Bathrooms3
Square feet2,795
Property typeSingle Family
MLS #7049608
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)
$1,971/mo
Source est. payment (PITI)
$2,397/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$842,715

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

$0$842,715
Additional funds needed$0

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