Properties / 3078 Milano Drive
VA ASSUMABLERate: 3.14%

3078 Milano Drive

$289,000
Bullhead City, AZ 86442
2 beds2 baths1,355 sqftSingle Family
The assumable advantage
3.14%
VA assumed rate
$39,357 interest already paid off
Estimated Loan Balance$250,614
Cash to close$38,922
Est. Monthly PITI$1,474
Initial Loan Amount$277,544
Time on site21 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$38,386
Cash or secondary financing
Monthly savings
$508
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Welcome to this inviting 2-bedroom, 2-bath home in the desirable 55+ community of Mira Monte at Fox Creek. Built in 2005, this well-maintained home offers an open floor plan designed for comfortable everyday living. A pavered courtyard creates a welcoming entry, while the private backyard backs to a wash, providing added privacy and a peaceful outdoor setting. The 2-car garage features built-in cabinetry for convenient storage. The kitchen includes a gas range, with all appliances included. The heating and cooling system was replaced approximately 2 years ago with a newer, more energy-efficient unit, offering added peace of mind. Several windows also feature solar screens, helping reduce heat gain from the Arizona sun and further enhance energy efficiency. Additional features include window coverings throughout, a wired alarm system, water conditioner, and reverse osmosis system. Ideally located near Bullhead City Parkway, this home offers convenient access to shopping, dining, and golf, with Laughlin, NV just minutes away for entertainment and gaming. Enjoy easy access to the refreshing waters of the Colorado River and nearby Lake Mohave. Whether you're looking for a full-time residence, winter retreat, weekend getaway, or rental opportunity, this home offers comfort, efficiency, convenience, and flexibility to suit a variety of lifestyles.

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 $38,386. 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

Bedrooms2
Bathrooms2
Square feet1,355
Property typeSingle Family
MLS #041400
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)
$1,196/mo
Source est. payment (PITI)
$1,474/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$38,386

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

$0$38,386
Additional funds needed$0

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