Properties / 5100 E RANCHO PALOMA Drive
VA ASSUMABLERate: 6.36%

5100 E RANCHO PALOMA Drive

$575,000
Cave Creek, AZ 85331
2 beds2 baths1,420 sqftSingle Family
The assumable advantage
6.36%
VA assumed rate
$121,983 interest already paid off
Estimated Loan Balance$538,888
Cash to close$39,288
Est. Monthly PITI$3,761
Initial Loan Amount$559,440
Time on site50 days
Remaining Term26 years, 6 months
Seller's equity (what you pay)
$36,112
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

**RARE FINANCING ADVANTAGE: Lock in 5.625% & Skip the Heavy Interest Years!** Why start a brand-new 30-year clock at today's 6.5%+ market rates? This turnkey luxury home features a **PennyMac VA Assumable Loan locked at a fixed 5.625% with under 27 years remaining (fully open to both civilian and military buyers).** Because the sellers have already cleared the front-loaded interest of the initial years, a significantly higher percentage of your very first payment goes directly toward building your personal equity. With an incredibly accessible cash-down equity gap of approx. *$40,000*, you can step into a locked note that instantly saves you over *$350+ every single month* compared to financing this same balance from scratch today--putting you years closer to financial freedom. Turnkey Luxury | Fully Furnished | Ready for Immediate Move-In Welcome to Rancho North, where clean contemporary design meets effortless desert living in Cave Creek. Impeccably upgraded and offered *fully furnished*, this rare 2-bedroom, 2-bath end-unit townhouse is truly move-in ready--just bring your suitcase. Positioned as a desirable second-floor corner unit, it delivers enhanced privacy, pristine natural light, and an open-concept split floor plan featuring 9+ ft ceilings and premium finishes throughout. The gourmet kitchen is an entertainer's dream, complete with a massive quartz island, breakfast bar, designer tile backsplash, gas cooktop, and upgraded cabinetry. Suited perfectly for remote work or a seamless seasonal relocation, the home is equipped with smart home features, an energy-efficient HVAC system, and high-speed connectivity. Premium Features: *Fully Furnished:Thoughtfully curated, high-end contemporary furnishings included. *Parking & Utilities:Private, attached EV-ready garage + additional parking, plus a whole-home water softener. *True Lock-and-Leave:Gated community where the HOA fully covers exterior maintenance, roof replacement, landscaping, water, sewer, and trash for a fixed $339/month. *Resort Amenities:Exclusive access to the community pool, spa, fitness center, and fireside lounge. Prime Cave Creek Location: Ideally located just minutes from the booming North Phoenix tech corridor (including the TSMC facility). Enjoy immediate access to world-class golf, scenic desert hiking trails, upscale dining, and the renowned, laid-back Cave Creek lifestyle. Perfect for full-time living, seasonal residents, or professionals seeking a premium, low-maintenance home with an unbeatable, permanent monthly payment advantage over everything else on the market.

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 $36,112. 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 feet1,420
Property typeSingle Family
MLS #7015374
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)
$3,510/mo
Source est. payment (PITI)
$3,761/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$36,112

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

$0$36,112
Additional funds needed$0

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