Properties / 3502 W IRONWOOD Drive
VA ASSUMABLERate: 3.08%

3502 W IRONWOOD Drive

$500,000
Phoenix, AZ 85051
4 beds2 baths2,452 sqftSingle Family
The assumable advantage
3.08%
VA assumed rate
$42,489 interest already paid off
Estimated Loan Balance$245,641
Cash to close$257,601
Est. Monthly PITI$1,455
Initial Loan Amount$274,077
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$254,359
Cash or secondary financing
Monthly savings
$1,763
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

BRING ALL REASONABLE OFFERS!! Luxurious and full of upgrades, this immaculate 4-bedroom, 2-bath home is sitting at 2452 sq. ft. spacious enough to accommodate your entire family. The multiple front entrances will lead you into both the Arizona room and Livingroom 2 separate areas of the home. From there you will walk into the beautiful kitchen which is complete with Stainless Steel Appliances and attached to a huge formal dining room for those nice big family dinner nights. You'll then enter into the bonus rooms which will lead you to the fully fenced oversized backyard with a gorgeous sparkling pool and plenty of space for entertaining all your Family and Friend. Easy access gates on both sides of the yard with an area for storage, trailers, toys or even parking if needed.

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 $254,359. 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 feet2,452
Property typeSingle Family
MLS #7002275
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)
$1,186/mo
Source est. payment (PITI)
$1,455/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$254,359

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

$0$254,359
Additional funds needed$0

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