Properties / 73 SENECA Drive
VA ASSUMABLERate: 2.74%

73 SENECA Drive

$610,000
Flagstaff, AZ 86005
3 beds2 baths1,568 sqftSingle Family
The assumable advantage
2.74%
VA assumed rate
$62,855 interest already paid off
Estimated Loan Balance$400,588
Cash to close$214,980
Est. Monthly PITI$2,218
Initial Loan Amount$450,660
Time on site50 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$209,412
Cash or secondary financing
Monthly savings
$1,729
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

A sweet property on a larger lot in the coveted tree lined Pine Del neighborhood. This updated home has interior improvements that give true value: bright kitchen & bathrooms, LVP flooring, modern doors & windows, whole house water filtration system & stainless appliances. Two car level entry garage (read: no sliding on an icy hill in the winter!) plus covered back porch, water catchment, multiple sheds, & a fenced yard where all the birds sing to draw you home. Open a book, put your feet up, soak in the heat cranked out by that wood burning stove, & make this Flagstaff charmer yours.

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 $209,412. 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 feet1,568
Property typeSingle Family
MLS #6997791
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)
$1,868/mo
Source est. payment (PITI)
$2,218/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$209,412

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

$0$209,412
Additional funds needed$0

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