Properties / 4059 N SAN MARIN Drive
VA ASSUMABLERate: 3.07%

4059 N SAN MARIN Drive

$480,000
Florence, AZ 85132
3 beds2 baths2,298 sqftSingle Family
The assumable advantage
3.07%
VA assumed rate
$52,940 interest already paid off
Estimated Loan Balance$351,161
Cash to close$130,349
Est. Monthly PITI$2,110
Initial Loan Amount$388,500
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$128,839
Cash or secondary financing
Monthly savings
$1,168
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

10,000 CREDIT TO ANY BUYER WITH A FULL PRICE OFFER!!!! Beautiful previous model home with great views and upgrades!! 3 bdrm 2 bath Large lot with 2 and 1/2 garage. You can see the golf course as you walk out the front door and it's only a block away! Peaceful corner lot views 9+ flat ceilings, huge kitchen island for entertaining! Gas cooktop, walk in pantry, water Softener, solar. Relaxing outdoor fireplace for winter nights. Too much to mention. Come see this beauty before it is gone!!

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 $128,839. 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 feet2,298
Property typeSingle Family
MLS #7053632
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)
$1,663/mo
Source est. payment (PITI)
$2,110/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$128,839

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

$0$128,839
Additional funds needed$0

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