Properties / 4086 E MEGAN Street
VA ASSUMABLERate: 3.1%

4086 E MEGAN Street

$640,000
Gilbert, AZ 85295
4 beds2 baths2,084 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$57,127 interest already paid off
Estimated Loan Balance$374,549
Cash to close$265,451
Est. Monthly PITI$2,111
Initial Loan Amount$415,065
Time on site16 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$265,451
Cash or secondary financing
Monthly savings
$1,998
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

OWNED SOLAR -- SELLER TO PAY OFF SOLAR AT CLOSE OF ESCROW! Location is everything! This beautiful single-level home sits on an oversized lot and offers the perfect blend of comfort, space, and exceptional outdoor living. The desirable split floor plan features 4 bedrooms, 2 full bathrooms, and a den, offering plenty of flexibility for a home office, playroom, or additional living space. At the heart of the home, the kitchen features granite countertops, freshly painted cabinetry, and under-cabinet lighting, creating a bright and inviting space for everyday living and entertaining. The spacious primary suite offers a private retreat with dual vanities, a separate shower, soaking tub, and walk-in closet. Step outside and discover the backyard you've been waiting for! Enjoy a gated PebbleTec pool with a relaxing water feature and cool decking, both resurfaced in 2023. A large grassy area, covered patio, and generous additional yard space provide plenty of room for entertaining, relaxing, and enjoying Arizona's beautiful weather. The 3-car tandem garage adds even more versatility with a mini-split A/C system, backyard access through a side service door, and a 30-amp outlet. Additional upgrades include smart lighting and switches, under-cabinet lighting, a newer pool filter, and a tankless water heater. With its spacious single-level layout, oversized lot, private pool, owned solar to be paid off by the seller at close of escrow, and desirable location, this home offers the space, features, and lifestyle you've been looking for. Don't miss the opportunity to make it your own!

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 $265,451. 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
Bathrooms2
Square feet2,084
Property typeSingle Family
MLS #7071671
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)
$1,776/mo
Source est. payment (PITI)
$2,111/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$265,451

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

$0$265,451
Additional funds needed$0

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