Properties / 550 Mingus Shadows Drive
VA ASSUMABLERate: 3.45%

550 Mingus Shadows Drive

$259,900
Clarkdale, AZ 86324
2 beds3 baths1,717 sqftSingle Family
The assumable advantage
3.45%
VA assumed rate
$29,146 interest already paid off
Estimated Loan Balance$183,271
Cash to close$77,361
Est. Monthly PITI$1,128
Initial Loan Amount$199,948
Time on site50 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$76,629
Cash or secondary financing
Monthly savings
$635
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Brand-New Roof on Main Home! Affordable Clarkdale Living in Mingus Shadows. Discover the possibilities in this charming 2-bedroom, 2-bath home with a den in the desirable Mingus Shadows community. This home offers a comfortable floor plan with a spacious living area, functional kitchen, and a versatile den perfect for an office, hobby room, guest space, or additional living area. Enjoy the privacy of a fenced yard with room to relax, garden, or create your own outdoor retreat. The home's location offers easy access to shopping, dining, recreation, and all that the beautiful Verde Valley has to offer. Whether you're looking for a full-time residence, seasonal getaway, or an opportunity to personalize a home and build equity, this property is ready for your vision. Offered 'AS IS'. CASH ONLY

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 $76,629. 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

Bedrooms2
Bathrooms3
Square feet1,717
Property typeSingle Family
MLS #7054257
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)
$898/mo
Source est. payment (PITI)
$1,128/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$76,629

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

$0$76,629
Additional funds needed$0

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