Properties / 4843 E CORRAL Road
VA ASSUMABLERate: 3.06%

4843 E CORRAL Road

$320,000
Phoenix, AZ 85044
2 beds3 baths960 sqftSingle Family
The assumable advantage
3.06%
VA assumed rate
$43,245 interest already paid off
Estimated Loan Balance$257,568
Cash to close$66,904
Est. Monthly PITI$1,437
Initial Loan Amount$285,000
Time on site50 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$62,432
Cash or secondary financing
Monthly savings
$652
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

This is an assumable Loan for a qualified Veteran!!! Charming townhome in a highly desirable location overlooking tranquil green space w/ mature trees. Just steps from a newly renovated community pool, tennis courts and ample guest parking! Home boasts 2.5 beautifully updated baths, including a tiled walk-in shower in the primary suite and a tiled tub surround in the guest bath. Hard-surface flooring throughout-no carpet here!! The updated kitchen showcases modern cabinetry, quartz countertops and a sliding glass door that opens to a private outdoor patio with additional storage.(Washer is in the kitchen area and dryer is in the outdoor storage). Inviting townhome t move-in ready in a prime location!!! Also, includes 2 parking spots. New HVAC 2026!!

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 $62,432. 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

Bedrooms2
Bathrooms3
Square feet960
Property typeSingle Family
MLS #6973066
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)
$1,235/mo
Source est. payment (PITI)
$1,437/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$62,432

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

$0$62,432
Additional funds needed$0

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