Properties / 1812 READING Lane
VA ASSUMABLERate: 3.57%

1812 READING Lane

$600,000
Prescott, AZ 86301
4 beds3 baths2,616 sqftSingle Family
The assumable advantage
3.57%
VA assumed rate
$104,930 interest already paid off
Estimated Loan Balance$255,049
Cash to close$346,387
Est. Monthly PITI$1,777
Initial Loan Amount$325,808
Time on site50 days
Remaining Term20 years
Seller's equity (what you pay)
$344,951
Cash or secondary financing
Monthly savings
$2,050
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Live with breathtaking views in this 4-bedroom, 3-bath home with a 2-car garage, ideally situated on a quiet cul-de-sac. From the moment you arrive, the paver driveway welcomes you into a home featuring fresh interior paint, newer flooring throughout, and a 2020 Trane HVAC system. Enjoy spectacular panoramic views from expansive decks on both levels, perfect for relaxing or entertaining, while the spacious downstairs family room provides the ideal space for gatherings, recreation, or multi-generational living. The spacious primary bedroom includes a walk-in closet, ensuite bathroom, and private access to the deck. Nearby features include the Watson Woods Riparian Preserve, Watson lake, The Prescott Peavine Trailhead, and the Rowle B Simmons Community Center. Welcome home.

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 $344,951. 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 feet2,616
Property typeSingle Family
MLS #7052942
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)
$1,488/mo
Source est. payment (PITI)
$1,777/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$344,951

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

$0$344,951
Additional funds needed$0

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