Properties / 1940 STONE GATE Way
VA ASSUMABLERate: 2.87%

1940 STONE GATE Way

$775,000
Heber, AZ 85928
5 beds4 baths4,463 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$57,680 interest already paid off
Estimated Loan Balance$381,222
Cash to close$396,336
Est. Monthly PITI$2,347
Initial Loan Amount$424,999
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$393,778
Cash or secondary financing
Monthly savings
$2,792
Versus today's market rate
Est. savings per year
$34K
Versus today's market rate

About this home

Spacious, Feature-Packed Home with Bonus Space & Rural Charm. This beautifully maintained 5-bedroom, 3.5-bath home with a 3-car garage offers the perfect blend of comfort, functionality, & peaceful country living. Situated on a fully fenced and landscaped 1 acre parcel with a circular driveway, this home is designed for both everyday living and entertaining. Step inside to an inviting open & split floor plan featuring a wood stove, pellet stove, updated lighting and fixtures, and dual-zone central gas heat and A/C. The open-concept kitchen is a true centerpiece with gorgeous cabinetry, Corian countertops, gas range, and 2 large pantries, making it ideal for gatherings and daily living alike. The home also includes a tankless water heater and whole-house filtration system... New roof 07/2023 transfers GOLD Plan Warranty to new BUYER, freshly painted interior. Every bedroom offers walk-in closets and direct bathroom access, creating comfort and privacy for everyone. A versatile 939 sq. ft. bonus space provides endless possibilities for a game room, or additional living area. Bonus large theater room and bonus office or nursery to suit your lifestyle needs. Outside, enjoy a pergola, irrigation system with automatic timers, and fruit-producing apple and pear trees. The property includes a walk-in chicken coop and three additional outbuildings, perfect for hobbies, storage, or homesteading. Relax on the patio and enjoy the beauty of nature as deer and elk frequently wander by, offering a peaceful retreat while still providing modern conveniences. Endless parking options, double gate for back yard access. No HOA! Evening on patio watching the sunset and a sky filled with stars after a long day. This one-of-a-kind property is a must see!!

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 $393,778. 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

Bedrooms5
Bathrooms4
Square feet4,463
Property typeSingle Family
MLS #7034251
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)
$1,778/mo
Source est. payment (PITI)
$2,347/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$393,778

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

$0$393,778
Additional funds needed$0

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