Properties / 1650 E Ponderosa Parkway
VA ASSUMABLERate: 6.79%

1650 E Ponderosa Parkway

$410,000
Flagstaff, AZ 86001
1 beds1 baths sqftSingle Family
The assumable advantage
6.79%
VA assumed rate
$46,984 interest already paid off
Estimated Loan Balance$392,118
Cash to close$17,882
Est. Monthly PITI$2,804
Initial Loan Amount$398,934
Time on site12 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$17,882
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Flagstaff at its FINEST. This one bedroom condo is less than 1 mile from downtown, groceries and a quick walk to Starbucks! Loaded with all the Samsung appliances you need, it is move in ready. The living area and kitchen are spacious with ceramic tile, granite countertops all around and an eat at island. For the bedroom there are two closets - one for hanging clothes and one with shelving. The extra space area is perfect size for a small office or exercise set-up. There is some extra storage space in the laundry closet around the stackable washer/dryer. Move in is made easier with the elevator. Parking is open, not assigned and there is plenty of it. Come see this one for a great Flagstaff get-away!

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 $17,882. 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

Bedrooms1
Bathrooms1
Property typeSingle Family
MLS #7073330
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)
$2,601/mo
Source est. payment (PITI)
$2,804/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$17,882

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

$0$17,882
Additional funds needed$0

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