Properties / 3411 W IRMA Lane
VA ASSUMABLERate: 3.08%

3411 W IRMA Lane

$350,000
Phoenix, AZ 85027
2 beds2 baths1,094 sqftSingle Family
The assumable advantage
3.08%
VA assumed rate
$46,229 interest already paid off
Estimated Loan Balance$263,737
Cash to close$85,671
Est. Monthly PITI$1,496
Initial Loan Amount$298,204
Time on site4 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$86,263
Cash or secondary financing
Monthly savings
$794
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Charming and conveniently located in North Phoenix with easy access to the Loop 101! This inviting home features two bedrooms, two bathrooms, and a two car garage. The spacious great room offers vaulted ceilings and French doors that open to the backyard. A covered patio, real grass, generous side yard space, and no neighbors directly behind create a private and enjoyable outdoor setting. Close to scenic trails, outdoor recreation, shopping, dining, and everyday conveniences.

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 $86,263. 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

Bedrooms2
Bathrooms2
Square feet1,094
Property typeSingle Family
MLS #7070675
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)
$1,270/mo
Source est. payment (PITI)
$1,496/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$86,263

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

$0$86,263
Additional funds needed$0

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