Properties / 554 N Ironwood Drive
VA ASSUMABLERate: 2.91%

554 N Ironwood Drive

$449,000
Roosevelt, AZ 85545
5 beds3 baths2,840 sqftSingle Family
The assumable advantage
2.91%
VA assumed rate
$26,027 interest already paid off
Estimated Loan Balance$137,236
Cash to close$312,737
Est. Monthly PITI$843
Initial Loan Amount$157,500
Time on site50 days
Remaining Term24 years
Seller's equity (what you pay)
$311,764
Cash or secondary financing
Monthly savings
$1,985
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

Looking for room for everyone near Roosevelt Lake? This one-of-a-kind half-acre property offers two homes, including a site-built home and a manufactured home, for a total of 5 bedrooms and 3 bathrooms. Fully fenced, with remote control RV gates and circle drive. With plenty of parking and storage -- including a 30x21 RV/boat carport, single-car carport, three sheds, and a workshop -- there's space for all your toys and hobbies. Relax on the covered porch deck or patios, then head just minutes down the road for fishing, boating, and lake adventures. Site Built Home built 2010 Manufactured Home built 1981

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 $311,764. 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
Bathrooms3
Square feet2,840
Property typeSingle Family
MLS #7047403
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)
$663/mo
Source est. payment (PITI)
$843/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$311,764

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

$0$311,764
Additional funds needed$0

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