Properties / 40 S CARLTON Avenue
VA ASSUMABLERate: 6.71%

40 S CARLTON Avenue

$369,900
Casa Grande, AZ 85122
4 beds2 baths1,823 sqftSingle Family
The assumable advantage
6.71%
VA assumed rate
$65,088 interest already paid off
Estimated Loan Balance$310,570
Cash to close$60,661
Est. Monthly PITI$2,351
Initial Loan Amount$319,939
Time on site50 days
Remaining Term27 years
Seller's equity (what you pay)
$59,330
Cash or secondary financing
Monthly savings
$103
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Why wait for new construction when the upgrades are already done? Situated on a premium corner lot with added privacy, this lightly lived-in 4 bedroom, 2 bath popular Texas Cali plan by DR Horton offers a bright, open split floor plan and neutral finishes throughout. The kitchen features granite countertops and ample cabinetry, while the private primary suite includes custom closet built-ins. Step outside to a fully finished backyard with artificial turf, extended pavers, a covered patio, spacious side yards and an RV gate, no waiting or added expense after move-in! Solar panels add energy efficiency, while the garage is already upgraded with epoxy flooring, built-in storage cabinets and a dedicated work area. A soft water system, storage shed, modern ceiling fans and two-tone paint complete the package. Meticulously maintained and ready now with the extras already in place! Close to shopping, dining, schools and freeway access.

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 $59,330. 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

Bedrooms4
Bathrooms2
Square feet1,823
Property typeSingle Family
MLS #7022087
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)
$2,078/mo
Source est. payment (PITI)
$2,351/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$59,330

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

$0$59,330
Additional funds needed$0

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