Properties / 10838 N 35TH Street
VA ASSUMABLERate: 4.48%

10838 N 35TH Street

$684,500
Phoenix, AZ 85028
5 beds2 baths2,220 sqftSingle Family
The assumable advantage
4.48%
VA assumed rate
$132,269 interest already paid off
Estimated Loan Balance$668,939
Cash to close$16,703
Est. Monthly PITI$4,026
Initial Loan Amount$720,000
Time on site35 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$15,561
Cash or secondary financing
Monthly savings
$385
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Located in a quiet neighborhood, this NO HOA, 5bedroom/2bath gem with a pool, is ready to welcome you home. Built in 1972, this single-level, block construction, 2220 sqft home with an office, showcases some original features such as a brick fireplace and operational, full-house intercom. Play Christmas music during the holidays through the intercom for the whole house to enjoy! Sitting on a lot that is over 10,000 sqft with views of the Phoenix Mtns. Preserve and lots of hiking trails, this home is convenient to shopping, dining, recreation, public transportation, and freeways. Enjoy a backyard ready for family get-togethers. After swimming, fire up the BBQ plumbed with a dedicated gas stub (no need to refill a propane tank) or the smoker situated next to the paver patio. Inside the galley kitchen has been recently outfitted with matching stainless steel GE appliances. The master bedroom boasts a walk-in closet and dual sinks in the vanity of the master bathroom. The interior laundry room with washer/dryer hookup and storage leads into the 2-car garage. There you will find the tankless water heater and water softener. An additional full-size frig is also included. New interior paint throughout. Two a/c units, approximately 7yrs old, sit atop a new roof that was replaced Nov. 2025.

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 $15,561. 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

Bedrooms5
Bathrooms2
Square feet2,220
Property typeSingle Family
MLS #7062498
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)
$3,652/mo
Source est. payment (PITI)
$4,026/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$15,561

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

$0$15,561
Additional funds needed$0

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