Properties / 40130 N 7TH Street
VA ASSUMABLERate: 2.77%

40130 N 7TH Street

$869,000
Phoenix, AZ 85086
4 beds3 baths2,784 sqftSingle Family
The assumable advantage
2.77%
VA assumed rate
$67,904 interest already paid off
Estimated Loan Balance$416,294
Cash to close$452,706
Est. Monthly PITI$2,541
Initial Loan Amount$474,644
Time on site10 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$452,706
Cash or secondary financing
Monthly savings
$3,178
Versus today's market rate
Est. savings per year
$38K
Versus today's market rate

About this home

An incredible opportunity to own an Arizona desert property with miles of protected State Land right outside your back door! With NO HOA and a flat, highly usable lot, there's plenty of room to add a shop, casita, horse facilities, pool, RV garage or whatever fits your lifestyle. A strong-producing shared well and 3 RV hookups add even more versatility. Inside, this home features 10' or vaulted ceilings throughout, leather-finish granite countertops, updated finishes and a private guest suite with en suite bath and separate entrance. The oversized 4-car garage features epoxy floors and plenty of room for toys. Located about a mile from the Maricopa Trail with incredible desert views, privacy and beautifully designed desert landscaping. Freshly painted and sealed exterior and gorgeous self sustaining desert landscaping, this property offers simplicity, space, and freedom that are incredibly hard to find. Don't miss it!

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 $452,706. 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
Bathrooms3
Square feet2,784
Property typeSingle Family
MLS #7073780
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)
$1,947/mo
Source est. payment (PITI)
$2,541/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$452,706

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

$0$452,706
Additional funds needed$0

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