Properties / 373 W PRIMOROSO Drive
VA ASSUMABLERate: 3.31%

373 W PRIMOROSO Drive

$594,500
Gilbert, AZ 85233
3 beds2 baths1,702 sqftSingle Family
The assumable advantage
3.31%
VA assumed rate
$53,225 interest already paid off
Estimated Loan Balance$239,968
Cash to close$355,622
Est. Monthly PITI$1,554
Initial Loan Amount$275,000
Time on site50 days
Remaining Term23 years, 10 months
Seller's equity (what you pay)
$354,532
Cash or secondary financing
Monthly savings
$2,292
Versus today's market rate
Est. savings per year
$28K
Versus today's market rate

About this home

Become the proud owner of this beautiful waterfront home in Lago Estancia! This house has all you need for year round enjoyment! In the summer you can bask in the sun enjoying the sparkling pool with a perfect view of the lake fountain. In the cooler months, relax on the deck and enjoy some fishing right from your own backyard. Inside vaulted ceilings welcome you to a great flow with a split floorplan and large full master suite with lake views. The guest bath has been recently updated, along with new flooring in the two secondary bedrooms. Unwind your day by taking a stroll on one of the tranquil lakeside walking paths, or take the kids to play at the community playground, which is just over the bridge. This home has one of the best lakeside lots in the community, don't miss the opportunity to make it yours!

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 $354,532. 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 feet1,702
Property typeSingle Family
MLS #7049621
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)
$1,214/mo
Source est. payment (PITI)
$1,554/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$354,532

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

$0$354,532
Additional funds needed$0

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