Properties / 15692 Ironwood Drive
VA ASSUMABLERate: 3.23%

15692 Ironwood Drive

$188,500
Dolan Springs, AZ 86441
3 beds2 baths1,120 sqftSingle Family
The assumable advantage
3.23%
VA assumed rate
$22,179 interest already paid off
Estimated Loan Balance$103,903
Cash to close$85,072
Est. Monthly PITI$730
Initial Loan Amount$119,000
Time on site36 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$84,597
Cash or secondary financing
Monthly savings
$592
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Pride of ownership shines throughout this well-maintained 1,120 sq. ft. home featuring 3 bedrooms and 2 bathrooms with a desirable split-bedroom floor plan. Situated on a spacious 1.25-acre fully fenced lot, this property offers city water, easy road access, and a convenient location just minutes from the center of town. The circular-style driveway provides access around the entire property, making it ideal for RVs, trailers, boats, and other recreational toys. There's still plenty of room to add a garage or additional outbuildings. Storage is abundant with a shed, a smaller storage container, and a large Conex container that is perfect for a workshop, equipment, or extra storage. Designed for comfortable desert living, the home features central heating and air conditioning, along with covered front and back decks where you can enjoy both beautiful sunrises and colorful evening sunsets. An attached two-car carport provides convenient covered parking and welcome shade during warm summer days. If you're looking for a move-in-ready property with space, storage, and room to grow, this one 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 $84,597. 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

Bedrooms3
Bathrooms2
Square feet1,120
Property typeSingle Family
MLS #040972
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)
$520/mo
Source est. payment (PITI)
$730/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$84,597

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

$0$84,597
Additional funds needed$0

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