Properties / 92 E Palomino Drive
VA ASSUMABLERate: 3.65%

92 E Palomino Drive

$480,000
Gilbert, AZ 85296
3 beds3 baths2,102 sqftSingle Family
The assumable advantage
3.65%
VA assumed rate
$55,420 interest already paid off
Estimated Loan Balance$223,138
Cash to close$256,862
Est. Monthly PITI$1,470
Initial Loan Amount$255,600
Time on site11 days
Remaining Term23 years, 9 months
Seller's equity (what you pay)
$256,862
Cash or secondary financing
Monthly savings
$1,659
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Live your lifestyle in Downtown Gilbert at The Villages in Gilbert. Swim in the community Pool, relax under the Cabana. Popular subdivision, nothing else for sale! There is a kids Playground to enjoy along with the picnic Ramada. Also dog friendly park. Easy access to the nearby Multi-Use Trail System for exercise options. All this while coming home to a Spectacular MOVE IN READY 3 Bedroom 2.5 Bath home + Large Loft area! Fresh Interior Paint throughout. You will enjoy the spacious Living, Dining & Kitchen areas with a comfortable patio a few steps away. SS appliances. Large living areas. Two car garage. Home is located on an interior lot with reduced street noise and additional privacy. A must see!

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 $256,862. 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

Bedrooms3
Bathrooms3
Square feet2,102
Property typeSingle Family
MLS #7068636
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)
$1,172/mo
Source est. payment (PITI)
$1,470/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$256,862

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

$0$256,862
Additional funds needed$0

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