Properties / 740 E STONEY END Lane
VA ASSUMABLERate: 6.76%

740 E STONEY END Lane

$975,000
Cottonwood, AZ 86326
4 beds3 baths3,468 sqftSingle Family
The assumable advantage
6.76%
VA assumed rate
$53,645 interest already paid off
Estimated Loan Balance$596,537
Cash to close$383,338
Est. Monthly PITI$4,557
Initial Loan Amount$599,140
Time on site50 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$378,463
Cash or secondary financing
Monthly savings
$1,824
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Discover the epitome of luxury living in this stunning custom ranch hilltop residence, boasting 4 spacious bedrooms and 3 elegant baths within a generous 3,468 square feet—breathtaking panoramic views of red rock formations, & majestic mountains. Enjoy the beauty of low-maintenance indigenous landscaping that harmonizes with the natural surroundings. Laminate flooring that flows seamlessly throughout the home, enhancing its warmth and charm. The enormous living area has a hickory custom kitchen and dining space. Large covered back patio, with views of the Red Rocks. An extra-deep 3-car garage measuring 36x26 offers ample space for outdoor toys, a workshop, and multiple vehicles. No HOA restrictions, freshly painted interiors make it immaculate and move-in ready.

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 $378,463. 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
Bathrooms3
Square feet3,468
Property typeSingle Family
MLS #6941900
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)
$3,926/mo
Source est. payment (PITI)
$4,557/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$378,463

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

$0$378,463
Additional funds needed$0

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