Properties / 3135 E ATHENA Court
VA ASSUMABLERate: 2.77%

3135 E ATHENA Court

$875,000
Gilbert, AZ 85297
4 beds4 baths4,012 sqftSingle Family
The assumable advantage
2.77%
VA assumed rate
$62,773 interest already paid off
Estimated Loan Balance$385,747
Cash to close$491,066
Est. Monthly PITI$2,328
Initial Loan Amount$438,783
Time on site41 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$489,253
Cash or secondary financing
Monthly savings
$3,351
Versus today's market rate
Est. savings per year
$40K
Versus today's market rate

About this home

Exceptional space, premium features, and incredible value! Situated on an oversized lot, this expansive floor plan offers soaring 10' ceilings, 4 true bedrooms, a private den/man cave (or optional 5th bedroom), plus a spacious loft for ultimate flexibility. Enjoy real wood shutters, added insulation for energy efficiency, a fully insulated 3-car garage, extra electrical outlets throughout the garage-and strategically placed roof-line outlets for effortless holiday decorating-tankless water heater, water softener. The private backyard is made for Arizona living with a sparkling travertine-wrapped pool w/ in ground cleaner, lush grass, mature trees, and an RV gate. Seller is also open to prepaying the solar lease with the right offer, allowing the buyer to enjoy the benefit of low Electric bills for the remaining 8 years without the lease payment. Move-in ready with space, thoughtful upgrades, a lot size and community that's hard to find at this price!

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 $489,253. 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
Bathrooms4
Square feet4,012
Property typeSingle Family
MLS #7061369
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)
$1,809/mo
Source est. payment (PITI)
$2,328/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$489,253

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

$0$489,253
Additional funds needed$0

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