Properties / 3138 S ALMENDRA Road
VA ASSUMABLERate: 2.94%

3138 S ALMENDRA Road

$1,490,000
Maricopa, AZ 85139
3 beds3 baths1,765 sqftSingle Family
The assumable advantage
2.94%
VA assumed rate
$62,212 interest already paid off
Estimated Loan Balance$337,119
Cash to close$1,157,548
Est. Monthly PITI$2,096
Initial Loan Amount$382,200
Time on site50 days
Remaining Term24 years, 2 months
Seller's equity (what you pay)
$1,152,881
Cash or secondary financing
Monthly savings
$7,162
Versus today's market rate
Est. savings per year
$86K
Versus today's market rate

About this home

PRICE REDUCTION! ARIZONA ROPING CAMP is now available--an income-producing winter roping destination on just over 19 acres. The headquarters features a custom-built 2-bedroom, 2-bath home plus a separate full bed-and-bath casita. The main property is an approved PAD with the county, allowing use of the existing facilities, including renters, roping's, and seasonal events. Designed for horsemen, the main barn offers 6 stalls in a breezeway configuration with a tack room and feed room. The arena has supported team roping practices and events for more than 20 years and includes covered roping boxes, a calf lane, panel walker, and LED lighting. Improvements include an 18-stall barn on the south side of the property and 12 full RV hookups, creating multiple use and income opportunities.

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 $1,152,881. 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
Bathrooms3
Square feet1,765
Property typeSingle Family
MLS #6994735
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)
$1,625/mo
Source est. payment (PITI)
$2,096/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$1,152,881

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

$0$1,152,881
Additional funds needed$0

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