Properties / 229 E JORDON Lane
VA ASSUMABLERate: 2.88%

229 E JORDON Lane

$799,000
Phoenix, AZ 85086
4 beds2 baths2,434 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$97,209 interest already paid off
Estimated Loan Balance$677,914
Cash to close$127,037
Est. Monthly PITI$3,669
Initial Loan Amount$749,000
Time on site50 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$121,086
Cash or secondary financing
Monthly savings
$1,568
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Tucked at the end of a cul-de-sac on over an acre in Desert Hills, this well-maintained single level home offers the space, updates, and lifestyle buyers are looking for. Inside you'll find vaulted ceilings, tile flooring, a split floor plan with 4 bedrooms plus a HUGE den that could work as a 5th bedroom, and a kitchen straight out of a magazine with high-end cabinetry, tile backsplash, large island with seating, wine fridge, gas range, built-in pantry, and stainless steel appliances. Major updates include HVAC in 2017, roof in 2021, and pool equipment updates in 2025. Step outside to a large covered patio, pool and hot tub, new grass, gardening area, and tons of open space for horses, toys, full hook up for RVs with a cement patio. Move-in ready with room to truly enjoy Arizona living.

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 $121,086. 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
Bathrooms2
Square feet2,434
Property typeSingle Family
MLS #7029068
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)
$3,144/mo
Source est. payment (PITI)
$3,669/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$121,086

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

$0$121,086
Additional funds needed$0

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