Properties / 3631 W MELINDA Lane
VA ASSUMABLERate: 6.5%

3631 W MELINDA Lane

$399,500
Glendale, AZ 85308
3 beds2 baths1,254 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$44,237 interest already paid off
Estimated Loan Balance$404,979
Cash to close$0
Est. Monthly PITI$2,854
Initial Loan Amount$412,001
Time on site50 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

This beautifully updated 3 bedroom, 2 bathroom home checks all the boxes! Soaring vaulted ceilings welcome you inside, creating an open and airy feel throughout. Updated modern tile flooring, a fully renovated kitchen, newer A/C system with an added vent in the family room, and additional insulation for year-round comfort. An updated irrigation system and ceiling fans throughout round out the list of thoughtful upgrades. Step outside and fall in love with the backyard retreat -- featuring an extended covered patio with a ceiling fan, stylish pavers, low-maintenance turf, mature landscaping, and a kids' play area complete with a swing set. Whether you're entertaining or relaxing, this outdoor space truly delivers. Located in the highly highly sought-after North Deer Valley area of Glendale, this home offers easy access to the 101 and I-17 freeways, making commuting a breeze. You'll love being close to shopping, dining, recreation, golf, and a local water park. With quality upgrades already done, all that's left is for you to move in and enjoy.

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 $0. 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 feet1,254
Property typeSingle Family
MLS #7033126
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$2,609/mo
Source est. payment (PITI)
$2,854/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.