Properties / 13013 N PANORAMA Drive
VA ASSUMABLERate: 6.89%

13013 N PANORAMA Drive

$825,000
Fountain Hills, AZ 85268
2 beds2 baths1,713 sqftSingle Family
The assumable advantage
6.89%
VA assumed rate
$80,808 interest already paid off
Estimated Loan Balance$822,725
Cash to close$3,036
Est. Monthly PITI$5,881
Initial Loan Amount$833,631
Time on site22 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$2,275
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Enjoy Fountain Lake views from this recently renovated 2-bedroom, 2-bathroom condo offering 1,713 square feet of single-level living in Fountain Hills. Large windows and sliding glass doors fill the open floor plan with natural light, while new tile flooring runs throughout. The main living area features a fireplace and opens directly to a large tiled wrap-around patio overlooking the lake. The updated kitchen features granite countertops, custom cabinetry, a pantry, a stainless steel refrigerator and dishwasher, an electric range, and countertop seating. A separate formal dining area, decorative recessed lighting, and ceiling fans complete the main living spaces. Both bedrooms are private suites with ensuite bathrooms and walk-in closets. The recently remodeled bathrooms feature walk-in showers, granite countertops, and custom cabinetry. Additional upgrades include a new washer and dryer, a new hot water heater, a whole-house water filtration system, storage cabinetry, an HVAC air sanitizer system, and recently cleaned and sanitized air ducts. The single-level building has no residence above, along with easy access between the front door and the detached 2-car garage. HOA-maintained desert landscaping surrounds the property, with a heated community pool and clubhouse among the neighborhood amenities. Fountain Park, the lake, restaurants, shopping, healthcare, and everyday services are all nearby. Farmers' markets, art festivals, concerts, and other Fountain Hills community events also take place around the lake and park year-round!

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 $2,275. 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
Bathrooms2
Square feet1,713
Property typeSingle Family
MLS #7069053
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)
$5,495/mo
Source est. payment (PITI)
$5,881/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$2,275

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

$0$2,275
Additional funds needed$0

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