Properties / 34841 N 3RD Street
VA ASSUMABLERate: 6.76%

34841 N 3RD Street

$850,000
Phoenix, AZ 85086
4 beds3 baths2,176 sqftSingle Family
The assumable advantage
6.76%
VA assumed rate
$62,676 interest already paid off
Estimated Loan Balance$691,911
Cash to close$159,387
Est. Monthly PITI$4,996
Initial Loan Amount$700,000
Time on site50 days
Remaining Term28 years, 8 months
Seller's equity (what you pay)
$158,089
Cash or secondary financing
Monthly savings
$455
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Updated and move-in ready, this 4-bedroom home features owned solar, newer HVAC, updated windows, quartz countertops, spacious pantries, and thoughtful upgrades throughout. Enjoy peaceful country living with mountain views, raised garden beds, and a chicken coop, all on 1.093 acres with no HOA. A massive 2,000 SF workshop with 12' and 14' doors, a 50' RV canopy, and an oversized drive-through garage make this property ideal for contractors, car enthusiasts, RV owners, and horse lovers. VA buyers may have the opportunity to assume the seller's low-interest VA loan (subject to lender approval and eligibility).

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 $158,089. 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 feet2,176
Property typeSingle Family
MLS #7055801
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)
$4,558/mo
Source est. payment (PITI)
$4,996/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$158,089

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

$0$158,089
Additional funds needed$0

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