Properties / 9027 S 3RD Street
VA ASSUMABLERate: 5.22%

9027 S 3RD Street

$435,000
Phoenix, AZ 85042
4 beds2 baths1,756 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$75,489 interest already paid off
Estimated Loan Balance$360,895
Cash to close$76,735
Est. Monthly PITI$2,390
Initial Loan Amount$380,000
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$74,105
Cash or secondary financing
Monthly savings
$455
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Stunning 4 bed, 2 bath on large corner lot, centrally located in Phoenix. The living spaces are large, you will have room for all of your belongings and more. The kitchen has newer counters and matching appliances. Inside the master bedroom, there is a spacious walk-in closet and a private bathroom. The other bedrooms provide exceptional storage space. Owner has done many upgrades!

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 $74,105. 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 feet1,756
Property typeSingle Family
MLS #7004856
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)
$2,110/mo
Source est. payment (PITI)
$2,390/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$74,105

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

$0$74,105
Additional funds needed$0

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