Properties / 3802 N MONTANA Avenue
VA ASSUMABLERate: 3.13%

3802 N MONTANA Avenue

$225,000
Florence, AZ 85132
2 beds2 baths1,057 sqftSingle Family
The assumable advantage
3.13%
VA assumed rate
$24,978 interest already paid off
Estimated Loan Balance$123,725
Cash to close$101,275
Est. Monthly PITI$785
Initial Loan Amount$142,000
Time on site7 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$101,275
Cash or secondary financing
Monthly savings
$717
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

MOVE-IN READY & FULL OF UPDATES IN FLORENCE GARDENS! This 2 bedroom, 2 bath home has been lovingly cared for and is ready for its next owner. Enjoy vaulted ceilings, updated flooring completed in 2025, and a bright, comfortable layout that feels like home from the moment you walk in. Outside, relax under the large covered patio or enjoy a nice game of cornhole on the backyard court. You'll love the easy-care landscaping and the extra space of the workshop and additional tempature controlled hobby room. Major updates include HVAC in 2023, newer water heater and water softener, updated faucets and door hardware, plus fresh exterior paint in 2026. Add in the fun 55+ Florence Gardens lifestyle and community amenities and this one is easy to love!

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 $101,275. 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

Bedrooms2
Bathrooms2
Square feet1,057
Property typeSingle Family
MLS #7076012
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)
$610/mo
Source est. payment (PITI)
$785/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$101,275

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

$0$101,275
Additional funds needed$0

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