Properties / 12108 N 138TH Way
VA ASSUMABLERate: 3.55%

12108 N 138TH Way

$930,000
Scottsdale, AZ 85259
3 beds2 baths2,082 sqftSingle Family
The assumable advantage
3.55%
VA assumed rate
$75,098 interest already paid off
Estimated Loan Balance$440,710
Cash to close$491,050
Est. Monthly PITI$2,630
Initial Loan Amount$483,000
Time on site50 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$489,290
Cash or secondary financing
Monthly savings
$3,289
Versus today's market rate
Est. savings per year
$39K
Versus today's market rate

About this home

Nestled within the prestigious 24/7 guard-gated community of Scottsdale Mountain, this single-level home offers a perfect blend of comfort, style, and Arizona living. Featuring 3 bedrooms, 2 bathrooms, a 2-car garage, and 2,082 square feet, GE Profile appliances, plantation shutters throughout, this residence is located in one of North Scottsdale's most sought-after 85259 neighborhoods. The light-filled, open floor plan is designed for both everyday living and effortless entertaining. Step outside to your private backyard retreat featuring a sparkling pool with water features--perfect for relaxing, entertaining, or enjoying Scottsdale's beautiful sunsets. An exceptional opportunity to own in one of Scottsdale's premier guard-gated communities.

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 $489,290. 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 feet2,082
Property typeSingle Family
MLS #7051506
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)
$2,196/mo
Source est. payment (PITI)
$2,630/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$489,290

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

$0$489,290
Additional funds needed$0

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