2.75% ASSUMABLE LOAN - 1-STORY, 3-bedroom, 2-bathroom home in The Lakes at Rancho El Dorado in Maricopa, Arizona. Built in 2015 this 1,775-square-foot home features spray-foam insulation, tile flooring, and an open kitchen with a large island, upgraded cabinets, walk-in pantry, and stainless appliances. The primary suite has a walk-in shower and walk-in closet, and a custom door closes off the front den/office. Extras include a whole-house water treatment system, smart thermostat, security cameras, and an epoxy-floored 2-car garage. The low-maintenance backyard backs to a large park with no homes behind, plus newly planted trees. Rancho El Dorado residents enjoy a community pool, The Duke golf course, and lakes, with shopping and restaurants minutes away off John Wayne Parkway
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.
You need to cover the seller's equity of $60,180. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.