Properties / 6242 N CITRUS Road
VA ASSUMABLERate: 2.66%

6242 N CITRUS Road

$999,000
Waddell, AZ 85355
4 beds3 baths2,751 sqftSingle Family
The assumable advantage
2.66%
VA assumed rate
$73,552 interest already paid off
Estimated Loan Balance$438,825
Cash to close$563,028
Est. Monthly PITI$2,850
Initial Loan Amount$525,000
Time on site50 days
Remaining Term19 years, 4 months
Seller's equity (what you pay)
$560,175
Cash or secondary financing
Monthly savings
$3,470
Versus today's market rate
Est. savings per year
$42K
Versus today's market rate

About this home

This fantastic single-level home awaits you on a 2-acre lot with horse privileges! Completely remodeled and full of upgrades, this home offers abundant natural light from vaulted ceilings, skylights, and large windows, creating a warm and welcoming atmosphere ideal for gatherings and relaxing evenings. Wood-look flooring flows throughout, complemented by a modern, neutral color palette. The impeccable kitchen features shaker-style cabinets with crown molding, elegant quartz countertops, pendant lighting, stainless steel appliances, and a spacious island perfect for casual dining and entertaining. The primary retreat promises a good night's rest, complete with a walk-in closet for easy organization and a bathroom for added privacy. This remarkable property offers space, convenience, and comfort, providing plenty of room for future additions, animals, storage, parking, and anything you can imagine! 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 $560,175. 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 feet2,751
Property typeSingle Family
MLS #7053775
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)
$2,421/mo
Source est. payment (PITI)
$2,850/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$560,175

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

$0$560,175
Additional funds needed$0

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