Properties / 3040 Pacific Avenue
VA ASSUMABLERate: 3.91%

3040 Pacific Avenue

$230,000
Kingman, AZ 86401
4 beds2 baths1,263 sqftSingle Family
The assumable advantage
3.91%
VA assumed rate
$37,950 interest already paid off
Estimated Loan Balance$76,937
Cash to close$153,728
Est. Monthly PITI$660
Initial Loan Amount$99,900
Time on site36 days
Remaining Term19 years, 1 month
Seller's equity (what you pay)
$153,063
Cash or secondary financing
Monthly savings
$879
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Newly remodeled 4 bedroom home on Corner lot with RV parking on the side, Large backyard that's fenced on a 70' x 100' lot, The new ac unit was installed in 2015 and has been maintained twice a year by Greenway, the hot water heater is only a couple years old, the washer and dryer will stay, a central location just off of Eastern, Mountain views off the front porch, New carpet, new paint and ready for you to move in, the primary suite is to the back of the home, Laundry room has an exterior door to the garage with easy access from the garage to the house. The yard is a blank canvas for a backyard Paradice or room for a shop with access from Alpha or Pacific

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 $153,063. 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 feet1,263
Property typeSingle Family
MLS #040127
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)
$477/mo
Source est. payment (PITI)
$660/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$153,063

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

$0$153,063
Additional funds needed$0

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