Properties / 10380 W ALYSSA Lane
VA ASSUMABLERate: 2.74%

10380 W ALYSSA Lane

$524,999
Peoria, AZ 85383
3 beds3 baths1,965 sqftSingle Family
The assumable advantage
2.74%
VA assumed rate
$62,583 interest already paid off
Estimated Loan Balance$392,315
Cash to close$137,244
Est. Monthly PITI$2,192
Initial Loan Amount$442,372
Time on site50 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$132,684
Cash or secondary financing
Monthly savings
$1,267
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Welcome to Northlands Encore in North Peoria, best value for the money in the area, where the skies are bigger and the sunset glow fills the sky surrounding the Calderwood Butte and our lush Sonoran landscape. Step outside every morning and view the Calderwood Butte out your back patio, and with a trail head right down the street, you'll get the full enjoyment of this very special home in a very special community. The Sterling Model by Taylor Morrison, 1965 sq.ft. of living space, 3 Beds + 3 Baths and a 3 Car Garage + Pool + Hot Tub and an Arizona Room. Open concept main living area, light color pallet, stylish tray ceilings in the foyer, ceramic floors in kitchen and dining area with a wood look vinyl plank in the living room and bedrooms. Kitchen features light granite countertops and island, contrasting dark espresso cabinets with glass pendant lighting, an SS appliance package and a walk-in pantry for all your storage needs. Master suite with a two-tone color scheme, master bath features double sinks, ceramic floors, a large walk-in shower, and a spacious walk-in closet. Split floor plan with 2 additional bedrooms and 2 full bathrooms offering plenty of space and flexibility. Enjoy the outdoors and our beautiful weather, take a dip in your pool or hot tub, sit back in the Arizona room or on your patio, whether you're waking up with a morning coffee or relaxing for the evening, there truly is nothing to do except move in and live your best life. Neighborhood mountain views, bike paths, green spaces, walking and hiking trails. close proximity to 303 freeway access, 10 minutes to TSMC, shopping, dining, entertainment, health care,10 minute to the 85 acre Paloma Park with lighted ball fields, pickleball, dog park, fish lake & deck, playground and picnic ramadas and serene Lake Pleasant within 20 min. providing you with a unique experience, countless water and outdoor recreations including boating, fishing, kayaking, swimming, relaxed paddle-boarding.

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 $132,684. 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 feet1,965
Property typeSingle Family
MLS #7011457
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)
$1,829/mo
Source est. payment (PITI)
$2,192/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$132,684

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

$0$132,684
Additional funds needed$0

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