Properties / 602 N MANZANITA Drive
VA ASSUMABLERate: 6.99%

602 N MANZANITA Drive

$334,900
Payson, AZ 85541
3 beds2 baths1,976 sqftSingle Family
The assumable advantage
6.99%
VA assumed rate
$34,483 interest already paid off
Estimated Loan Balance$218,089
Cash to close$118,049
Est. Monthly PITI$1,715
Initial Loan Amount$221,737
Time on site50 days
Remaining Term27 years, 10 months
Seller's equity (what you pay)
$116,811
Cash or secondary financing
Monthly savings
$491
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Move-in ready and beautifully maintained, this 2-bedroom, 2-bathroom manufactured home features a versatile bonus room ideal for a 3rd bedroom, home office, or creative hobby space. Nestled in the quiet, established neighborhood of Payson North with NO HOA, this residence offers the ultimate blend of modern mountain style, comfort, and functionality.Vaulted ceilings and an open-concept flow pair with freshly installed ceiling fans and stylish modern door hardware throughout.Outfitted with new SmartThings stainless steel appliances, a sleek range hood, deep-basin sink with professional-grade hardware, upgraded cabinetry accents, and designer light fixtures.Adaptable layout tailored to fit your lifestyle needs with room to spare.Highlights a brand-new gazebo perfect for summer BBQs or peaceful morning coffee.eatures a professionally built retaining wall, a new 5-wood gate, updated safety-railed stairs, and a dedicated, hidden trash bin enclosure to keep curb appeal pristine.Detached 2-Car Garage: Upgraded with newly installed lighting for projects and storage.A broad gravel parking area in front effortlessly accommodates guests, or extra vehicles.Positioned minutes from premier local dining, shopping, and everyday conveniences while maintaining a peaceful mountain-town feel.Please note there is additional parking space but it is not big emough to park an rv. 'Please see private remarks regarding pets''

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 $116,811. 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 feet1,976
Property typeSingle Family
MLS #6996126
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)
$1,484/mo
Source est. payment (PITI)
$1,715/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$116,811

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

$0$116,811
Additional funds needed$0

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