Properties / 923 W MADERA Lane
VA ASSUMABLERate: 6.86%

923 W MADERA Lane

$320,000
Payson, AZ 85541
3 beds2 baths1,288 sqftSingle Family
The assumable advantage
6.86%
VA assumed rate
$23,462 interest already paid off
Estimated Loan Balance$254,790
Cash to close$64,974
Est. Monthly PITI$1,999
Initial Loan Amount$258,187
Time on site0 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$65,210
Cash or secondary financing
Monthly savings
$193
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Discover convenient in-town living with this 3-bedroom, 2-bath condo in Payson's Mountain View Manor Estates. This end-unit offers approximately 1,288 sq ft of comfortable living space with updated luxury vinyl plank flooring, warm rough-sawn ceiling beams, and a practical single-level layout. The open living area connects easily to the kitchen and dining spaces, creating a functional setting for everyday living, seasonal use, or a low-maintenance mountain retreat. Step outside to an oversized deck, ideal for enjoying Payson's cool mountain air and outdoor setting. Located across from Green Valley Park and Green Valley Lake, the property offers access to walking paths, fishing, open space, community events, and Payson's well-known Fourth of July festivities. Close to shopping, dining, medical services, and year-round Rim Country recreation, this condo combines convenience, comfort, and small-town Arizona charm. Buyer to verify all facts, figures, HOA information, square footage, and matters of importance.

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 $65,210. 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 feet1,288
Property typeSingle Family
MLS #7080090
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)
$1,694/mo
Source est. payment (PITI)
$1,999/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$65,210

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

$0$65,210
Additional funds needed$0

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