Properties / 601 E MILLS
VA ASSUMABLERate: 6.5%

601 E MILLS

$399,900
Show Low, AZ 85901
3 beds2 baths1,668 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$41,359 interest already paid off
Estimated Loan Balance$379,014
Cash to close$21,268
Est. Monthly PITI$2,681
Initial Loan Amount$385,197
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$20,886
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

Tucked away at the end of a quiet cul-de-sac in Show Low, this updated site built home offers privacy, space, and a relaxed mountain feel with no HOA. Start your mornings on the front deck, taking in the fresh air and peaceful surroundings before heading inside to a bright, open layout that connects the kitchen, dining, and living areas. The living room really stands out with its panoramic views, bringing in natural light and giving the home an airy feel. The kitchen has been tastefully updated with a farmhouse sink and a clean, modern look, and the mini split systems, installed less than two years ago, keep the home comfortable year round. With 3 bedrooms and 2 bathrooms all on one level, the layout is simple, functional, and easy to live in. The primary suite is generously sized and features a walk-in closet and a soaking tub, creating a comfortable retreat. A separate mud room adds everyday convenience and functionality. Did we mention the roof is only a few years old?! Out front, there is plenty of space for your dogs or kids to run around and enjoy, along with a separate fenced area specifically for pets, giving you flexibility and convenience. The setting feels tucked away, but you are still just minutes from Fool Hollow Lake, Bison Golf Course, parks, shopping, and everyday essentials. Whether you are looking for a full-time family home or a second place to get away, this property offers comfort, space, and a great location without feeling remote.

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 $20,886. 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 feet1,668
Property typeSingle Family
MLS #7034764
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)
$2,440/mo
Source est. payment (PITI)
$2,681/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$20,886

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

$0$20,886
Additional funds needed$0

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