Properties / 3018 W LUPINE Avenue
VA ASSUMABLERate: 4.57%

3018 W LUPINE Avenue

$419,000
Phoenix, AZ 85029
3 beds2 baths1,875 sqftSingle Family
The assumable advantage
4.57%
VA assumed rate
$79,957 interest already paid off
Estimated Loan Balance$200,042
Cash to close$220,680
Est. Monthly PITI$1,472
Initial Loan Amount$232,902
Time on site50 days
Remaining Term22 years
Seller's equity (what you pay)
$218,958
Cash or secondary financing
Monthly savings
$1,268
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Beautiful 3 bedroom 2 bath property located in highly sought after Lake Biltmore Estates. Gorgeous updated kitchen with pendant lighting, newer cabinets with pull out drawers, 2 lazy suzans, and reverse osmosis. This is a must see!. Large dining area with plenty of storage. Step into the inviting front room with a fireplace. Primary bedroom is oversized with a private exit to 1 of the 3 patios!! 7 ceiling fans throughout home. 25 solar panels for energy saving. Dont miss out as these do not come on market very often.

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 $218,958. 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
Bathrooms2
Square feet1,875
Property typeSingle Family
MLS #7025258
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)
$1,203/mo
Source est. payment (PITI)
$1,472/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$218,958

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

$0$218,958
Additional funds needed$0

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