Properties / 301 S RIO VISTA Drive
VA ASSUMABLERate: 2.84%

301 S RIO VISTA Drive

$375,000
Queen Valley, AZ 85118
3 beds2 baths1,537 sqftSingle Family
The assumable advantage
2.84%
VA assumed rate
$15,866 interest already paid off
Estimated Loan Balance$108,887
Cash to close$265,867
Est. Monthly PITI$756
Initial Loan Amount$122,000
Time on site3 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$266,113
Cash or secondary financing
Monthly savings
$1,707
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Wowsa!! This 3 bedroom/2 bathroom has it all! A garage, 5 outdoor sheds, above ground swimming pool. Fruit trees full of fruit! Fifth wheel hookups and dump. Upgraded throughout inside and out. Kitchen has a state of the art commercial double oven and other upgrades. Bedrooms and other living spaces all upgraded and remodeled. Newly built Arizona room with bar and separate split AC unit. Partially furnished. Quiet neighborhood and walking distance to the desert. This is a must see!!!

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 $266,113. 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 feet1,537
Property typeSingle Family
MLS #7070927
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)
$504/mo
Source est. payment (PITI)
$756/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$266,113

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

$0$266,113
Additional funds needed$0

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