Properties / 40570 W HOPPER Drive
VA ASSUMABLERate: 2.94%

40570 W HOPPER Drive

$424,900
Maricopa, AZ 85138
3 beds2 baths2,595 sqftSingle Family
The assumable advantage
2.94%
VA assumed rate
$57,850 interest already paid off
Estimated Loan Balance$310,594
Cash to close$116,489
Est. Monthly PITI$1,831
Initial Loan Amount$355,400
Time on site50 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$114,306
Cash or secondary financing
Monthly savings
$1,005
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Welcome to this fabulous 3 bedroom, 2 bathroom former model home offering style, function, and rare extra space with a 2-car attached garage plus a detached 1-car garage with an air-conditioned workshop. This ENERGY STAR certified home features 9-foot ceilings, beautiful tile flooring throughout the main living areas, and carpet in the bedrooms for added comfort. The open-concept layout is bright and inviting, with a spacious great room that flows seamlessly into the kitchen and dining area. The kitchen is a standout, featuring stainless steel appliances, a Whirlpool gas cooktop, built-in wall oven, gorgeous backsplash, 42-inch espresso cabinetry, pendant lighting, a breakfast bar, and a walk-in pantry. The front flex space is ideal for a home office, sitting room, playroom, or bonus area The spacious primary suite offers plenty of room to relax, complete with an oversized walk-in closet and a beautifully updated bathroom featuring dual sinks, lighted mirrors, a walk-in shower, and a private toilet room. Step outside to an impressive backyard designed for low-maintenance Arizona living. Enjoy perfectly placed desert landscaping, pristine paver walkways, multiple patio areas, gazebo-style seating space, mature desert plants, and an RV gate with extended side-yard access. Whether you're hosting, relaxing, or enjoying quiet mornings outside, this backyard offers a great blend of privacy and usable space. Conveniently located near everyday shopping, dining, parks, schools, and community amenities, this home offers easy access to local favorites, grocery stores, coffee shops, casual restaurants, and outdoor recreation. Enjoy nearby walking paths, neighborhood parks, golf, entertainment, and quick access to major roadways for commuting around the Valley. With great curb appeal, thoughtful upgrades, energy-efficient features, and flexible garage/workshop space, this home is one you won't want to miss!

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 $114,306. 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
Bathrooms2
Square feet2,595
Property typeSingle Family
MLS #7046536
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)
$1,501/mo
Source est. payment (PITI)
$1,831/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$114,306

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

$0$114,306
Additional funds needed$0

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