See It
A few photos.
Full gallery available on Zillow or by appointment.
This isn't an ordinary listing. The home comes with an assumable VA mortgage at 3.5% — a rate locked years before today's market — and a fully-owned solar array that's not reflected in the asking price.
Buyer A walks in with a new mortgage at today's rate. Buyer B assumes the existing VA loan. Both pay $619,900. Here's what happens over the life of the loan.
What Buyer B saves on interest compared to financing at today's rate.
*Based on $440,000 assumed VA loan balance at 3.5% with ~26 years remaining, vs. new conventional financing at 6.43% over 30 years with 20% down. Buyer's actual qualification, terms, and savings depend on servicer approval and individual qualifications.
VA loans originated before 2022 carry rates current buyers can no longer access. This one is fully assumable by any qualified buyer — including civilians. The seller is not requiring military service.
No lease. No loan. No transfer paperwork. The system was installed by Lennar in 2021 and is fully owned by the seller. It conveys with the property at no additional cost, despite adding meaningful resale value per Zillow and Berkeley Lab research.
*Actual production figures available on request.
The assumable mortgage saves you on monthly payments, but you'll need to cover the gap between the purchase price and the assumed loan balance at closing. The loan's rate (3.5%) and remaining term (~26 years) are fixed terms of the existing mortgage — they transfer to you exactly as they are. Adjust the variables that are actually yours to control.
These don't change — you step into the existing loan as-is.
VA loan assumption isn't a loophole. It's a feature of every VA loan written after 1988, codified by federal regulation. The process is different depending on whether the buyer is a veteran with their own VA benefits or a civilian buyer.
The buyer applies directly with the seller's VA loan servicer. Approval requires the same financial fundamentals as a normal mortgage: typically a 620+ FICO, a debt-to-income ratio at or below 41%, and stable income documentation.
The assumed loan balance (~$440,000) is less than the purchase price ($619,900). The buyer brings the difference — roughly $180,000 plus closing costs — in cash or with secondary financing such as a HELOC or second mortgage. Both lenders must approve any second lien.
The buyer pays a one-time funding fee of 0.5% of the assumed balance — about $2,200 on this loan. The servicer may also charge an assumption processing fee, capped by VA at $300.
At closing, the buyer becomes the new borrower on the existing loan: same rate, same remaining term, same monthly payment. No new appraisal in most cases, no new origination — the buyer simply steps into the loan.
If you're an eligible veteran with sufficient VA entitlement, you may qualify for a "Substitution of Entitlement" (SOE) — meaning your VA benefit takes the place of the seller's on this loan. This is the cleanest version of an assumption.
Same servicer process as civilian buyers. You'll need to provide your Certificate of Eligibility (COE) to confirm you have enough entitlement to substitute. The servicer underwrites you the same way: credit, income, DTI.
Just like a civilian buyer, you'll need to bring the difference between $619,900 and the assumed loan balance to closing. The VA funding fee is reduced (0.5%) or waived entirely with qualifying exemption.
Your COE is submitted with the assumption paperwork to substitute your entitlement for the seller's. You step into the existing 3.5% loan, the seller's VA benefit is fully restored, and the transaction closes cleanly.
For official guidance on VA loan assumptions, see the Department of Veterans Affairs.
Visit va.gov →Built in 2021. Open-concept main floor with gas fireplace and built-ins, plus a dedicated main-level office with custom bookcases. Upstairs: four bedrooms including the primary suite with double vanity and walk-in shower. Fully fenced backyard with patio. Owned solar included.
Full gallery available on Zillow or by appointment.
The Green Mountain community was master-planned around outdoor living. A dedicated 14-acre park sits inside the neighborhood. The community's trail system links directly into the regional Lacamas Park network — three connected parks, two lakes, three waterfalls, and miles of forest.
The Green Mountain community was master-planned around a 14-acre park that sits inside the neighborhood. It was built by Lennar and is in the process of being signed over to the City of Camas Parks and Recreation.
The community's trail system connects directly into the regional Lacamas Regional Park network — 312 acres of protected forest, two lakes, three waterfalls, and 9.5 miles of gravel and dirt paths.
These are the places we actually go — for date night, for the family, for a long brunch on the patio. All within 15 minutes of the house. Two of them sit right on the Columbia River.
Camas neighborhood gem — open patio, 30 taps, craft cocktails, and a weekend brunch crowd that knows what's good. Locally sourced and unfussy.
Sister to The Hammond, but on the water at Tidewater Cove Marina. Fresh seafood, a raw bar, NW cuisine, and a long patio with Columbia River views. You can even reserve a boat slip.
A Pacific Northwest institution right on the Columbia River. House-brewed beers (try the Ruby or the Hammerhead), Cajun tater tots, and the best patio in Vancouver for sunset over the water.
All within 15 minutes by car. The Cove also has boat slip reservations if you happen to arrive by river.
Whether you want to walk the property, run your buyer's numbers with a lender, or just ask questions about how the assumption process works, here's how to get in touch.