Properties / 7137 S Pinon Drive
VA ASSUMABLERate: 3.68%

7137 S Pinon Drive

$410,000
Hereford, AZ 85615
4 beds2 baths2,056 sqftSingle Family
The assumable advantage
3.68%
VA assumed rate
$101,221 interest already paid off
Estimated Loan Balance$155,363
Cash to close$255,224
Est. Monthly PITI$1,466
Initial Loan Amount$231,675
Time on site35 days
Remaining Term16 years
Seller's equity (what you pay)
$254,637
Cash or secondary financing
Monthly savings
$1,346
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Beautiful mountain views on 1.24 acres in a desirable area with no HOA. This lovely home offers an inviting open-concept layout with a spacious kitchen featuring quartz countertops and backsplash, bar seating, a dining nook, and additional space for a separate dining area. The kitchen and living spaces center around a cozy fireplace and open to the covered patio and private backyard. Recent improvements include complete replumbing, new tile flooring throughout, fresh interior paint, and new bathroom vanities. With generous acreage, a private outdoor setting, and thoughtful updates throughout, this home offers comfort, functionality, and plenty of room to enjoy.

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 $254,637. 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
Bathrooms2
Square feet2,056
Property typeSingle Family
MLS #7063425
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)
$1,072/mo
Source est. payment (PITI)
$1,466/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$254,637

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

$0$254,637
Additional funds needed$0

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