Properties / 113 N PINECREST Road
VA ASSUMABLERate: 2.98%

113 N PINECREST Road

$360,000
Payson, AZ 85541
3 beds2 baths1,380 sqftSingle Family
The assumable advantage
2.98%
VA assumed rate
$45,083 interest already paid off
Estimated Loan Balance$280,928
Cash to close$79,698
Est. Monthly PITI$1,632
Initial Loan Amount$314,687
Time on site35 days
Remaining Term25 years
Seller's equity (what you pay)
$79,072
Cash or secondary financing
Monthly savings
$794
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Charming and well maintained 3-bedroom, 2-bath home situated on a spacious corner lot with a beautifully landscaped, park-like backyard featuring mature pine trees, a graceful willow tree, and a covered patio with an awning--perfect for relaxing or entertaining. Inside, you'll find new interior paint and new flooring, along with a bright, welcoming floor plan offering vaulted ceilings, ceiling fans throughout, abundant storage, and plenty of natural light. The spacious kitchen is designed for both function and entertaining with a large island/breakfast bar, an extra-tall pantry, and a convenient instant boiling hot water faucet ideal for tea, coffee, and more. Additional highlights include a new roof installed in 2024, a 2-car garage with built-in storage, and a versatile 15' x 16' bonus room with heating and cooling. Whether you're looking for a hobby room, home office, or creative studio, this flexible space is sure to impress. This lovingly cared-for home is move-in ready and offers the perfect combination of comfort, functionality, and outdoor beauty. Don't miss your opportunity to make it yours!

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 $79,072. 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 feet1,380
Property typeSingle Family
MLS #7063428
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)
$1,329/mo
Source est. payment (PITI)
$1,632/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$79,072

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

$0$79,072
Additional funds needed$0

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