Properties / 1890 E Clear Lake Drive
VA ASSUMABLERate: 3.07%

1890 E Clear Lake Drive

$299,000
Fort Mohave, AZ 86426
3 beds2 baths1,750 sqftSingle Family
The assumable advantage
3.07%
VA assumed rate
$36,139 interest already paid off
Estimated Loan Balance$238,752
Cash to close$64,273
Est. Monthly PITI$1,391
Initial Loan Amount$260,807
Time on site36 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$60,248
Cash or secondary financing
Monthly savings
$632
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Highly motivated seller!!! Come see this 3-bedroom, 2-bath home located right on the golf course, offering great views and tons of potential. With a 2-car garage and a welcoming fireplace, this home has a solid layout. Inside, you ll find a comfortable living area that opens to the dining area with a beautiful view of the golf course. The main bedroom features a walk-in closet, walk-in shower, and dual sinks for extra convenience as well as access to the back patio through a slider. Step outside to the covered back patio, where you can relax and watch golfers pass by or enjoy quiet evenings in your own backyard. The property also includes a storage shed on the side of the home, giving you extra room for tools, toys, or seasonal items.

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 $60,248. 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 feet1,750
Property typeSingle Family
MLS #034102
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)
$1,131/mo
Source est. payment (PITI)
$1,391/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$60,248

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

$0$60,248
Additional funds needed$0

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