Properties / 29055 N 136TH Lane
VA ASSUMABLERate: 6.46%

29055 N 136TH Lane

$760,000
Peoria, AZ 85383
4 beds4 baths3,070 sqftSingle Family
The assumable advantage
6.46%
VA assumed rate
$101,266 interest already paid off
Estimated Loan Balance$748,804
Cash to close$15,816
Est. Monthly PITI$5,211
Initial Loan Amount$761,114
Time on site50 days
Remaining Term28 years
Seller's equity (what you pay)
$11,196
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

FOR A SAVINGS OF $600 PER MONTH, 5.375% ASSUMABLE LOAN AT $741,000 BALANCE ~ This privately tucked away home on a hillside cul-de-sac impresses with an extended driveway and spacious 4-car garage. A welcoming courtyard leads into a thoughtfully designed split floor plan with soaring 10-foot ceilings and a bright, open great room--ideal for entertaining and everyday living. Oversized sliding doors create seamless indoor-outdoor flow to a beautifully landscaped backyard featuring a covered patio, pavers, turf, and lush greenery. The chef's kitchen shines with a large island and stylish finishes. Two flexible bonus rooms offer space for an office, gym, media room, or more. The home includes two en suite bedrooms with large closets, plus two additional bedrooms, a full bath, and powder room.

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 $11,196. 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 feet3,070
Property typeSingle Family
MLS #6991534
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)
$4,826/mo
Source est. payment (PITI)
$5,211/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$11,196

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

$0$11,196
Additional funds needed$0

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