Properties / 2975 E CAMPBELL Road
VA ASSUMABLERate: 6.5%

2975 E CAMPBELL Road

$1,149,999
Gilbert, AZ 85234
5 beds3 baths2,560 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$52,216 interest already paid off
Estimated Loan Balance$1,069,125
Cash to close$81,877
Est. Monthly PITI$7,224
Initial Loan Amount$1,075,036
Time on site50 days
Remaining Term29 years, 4 months
Seller's equity (what you pay)
$80,874
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

1.10-acre FLOOD IRRIGATED Gilbert horse property! This beautifully crafted 5 bed, 3 bath home offers space, comfort, & timeless country charm! Riding trails right outside your yard, horse pasture and chicken coop. Mature fruit trees and large air conditioned shed/workshop. Living room w/ cozy fireplace, provides an excellent setting for relaxing evenings or entertaining. Exposed ceiling beams, wood-look flooring, abundant natural light, & ceiling fans add warmth & character throughout. Modern kitchen has Bosch SS appliances, walk-in pantry, granite counters & a center island. Owner's retreat continues to shine with a barn door to the walk-in closet & a lavish ensuite complete with chandeliers. Perfect Gilbert location w/ A+ rated Gilbert schools! No HOA! A major highlight is the 2nd main bedroom with its own bathroom, perfect for guests or multi-generational living. Massive backyard provides a covered patio, storage shed, & horse stalls. This equestrian property has it all!

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 $80,874. 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 feet2,560
Property typeSingle Family
MLS #7021476
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)
$6,808/mo
Source est. payment (PITI)
$7,224/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$80,874

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

$0$80,874
Additional funds needed$0

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