Properties / 35818 N POMELO Trail
VA ASSUMABLERate: 2.9%

35818 N POMELO Trail

$699,000
Queen Creek, AZ 85140
2 beds4 baths2,304 sqftSingle Family
The assumable advantage
2.9%
VA assumed rate
$80,382 interest already paid off
Estimated Loan Balance$589,764
Cash to close$115,610
Est. Monthly PITI$3,274
Initial Loan Amount$647,189
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$109,236
Cash or secondary financing
Monthly savings
$1,393
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Live the Encanterra lifestyle in this newer Captivate plan near the Algarve Club & pool! This home features a private casita with its own entrance. The casita can alternatively be used as a game room, exercise room, craft room, or office with a guest bedroom. Over $150K in upgrades including a stunning backyard all set against breathtaking mountain views for ultimate privacy and relaxation. pool, pergola, travertine patio, and above-ground spa. Chef's kitchen with large island, gas cooktop, and beautiful cabinetry opens to a great room with custom built-ins. Additional features include a library, spacious primary suite with large closet, owned solar, and mountain views!

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 $109,236. 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
Bathrooms4
Square feet2,304
Property typeSingle Family
MLS #7014899
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)
$2,729/mo
Source est. payment (PITI)
$3,274/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$109,236

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

$0$109,236
Additional funds needed$0

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