Properties / 2538 E WALNUT Court
VA ASSUMABLERate: 3.23%

2538 E WALNUT Court

$949,999
Gilbert, AZ 85298
5 beds3 baths1,800 sqftSingle Family
The assumable advantage
3.23%
VA assumed rate
$74,032 interest already paid off
Estimated Loan Balance$344,442
Cash to close$604,762
Est. Monthly PITI$2,142
Initial Loan Amount$397,214
Time on site3 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$605,557
Cash or secondary financing
Monthly savings
$3,878
Versus today's market rate
Est. savings per year
$47K
Versus today's market rate

About this home

Rare Gilbert acreage opportunity! Bring your chickens, horses, cows and/or RV's! NO HOA on this spacious 5-bedroom, 2 bath home sits on approximately 1.33 acres, offering privacy, room to spread out, and endless possibilities. Enjoy the flexibility of a generous floor plan and expansive lot while remaining conveniently located near shopping, dining, schools, recreation and major East Valley amenities. Huge 60X36 Metal workshop as well as an additional 12X20 shed. A unique opportunity to own acreage in Gilbert Property is in need of some major TLC but you can make this one 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 $605,557. 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

Bedrooms5
Bathrooms3
Square feet1,800
Property typeSingle Family
MLS #7075999
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)
$1,724/mo
Source est. payment (PITI)
$2,142/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$605,557

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

$0$605,557
Additional funds needed$0

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