Properties / 5 BEAR Drive
VA ASSUMABLERate: 5.52%

5 BEAR Drive

$449,000
Prescott, AZ 86305
3 beds2 baths1,176 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$77,933 interest already paid off
Estimated Loan Balance$336,903
Cash to close$113,528
Est. Monthly PITI$2,246
Initial Loan Amount$355,775
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$112,097
Cash or secondary financing
Monthly savings
$612
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Move in Ready 3 bedroom 2 bath home with upgrades running through the home in Prescott, Az. This home was recently renovated within the last year and some more upgrades in the kitchen. Solar has been added, sellers only used the home part time so they have credits with APS. Estimating what your monthly bill would be will be up to you if you are looking for a full time home but if you are looking for a part time home then your bills will be limited. Secluded neighborhood with equal distance to Prescott, Prescott Valley and Chino Valley for all your shopping needs and amenities. Great location that doesn't have homes available often. You truly have to see it in persona to really appreciate it.

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 $112,097. 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 feet1,176
Property typeSingle Family
MLS #7043049
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)
$2,036/mo
Source est. payment (PITI)
$2,246/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$112,097

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

$0$112,097
Additional funds needed$0

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