Properties / 10475 E KAREN Drive
VA ASSUMABLERate: 2.65%

10475 E KAREN Drive

$840,000
Scottsdale, AZ 85255
4 beds3 baths2,132 sqftSingle Family
The assumable advantage
2.65%
VA assumed rate
$45,793 interest already paid off
Estimated Loan Balance$293,093
Cash to close$546,907
Est. Monthly PITI$1,740
Initial Loan Amount$334,984
Time on site9 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$546,907
Cash or secondary financing
Monthly savings
$3,601
Versus today's market rate
Est. savings per year
$43K
Versus today's market rate

About this home

VA Assumable loan! Inquire for details. Welcome home to this beautiful 4BR/3BA residence tucked away on a quiet cul-de-sac in the highly sought-after McDowell Mountain Ranch! From the moment you step inside, you'll appreciate the spacious, welcoming floor plan and thoughtful features throughout. The first floor offers tile flooring, soaring vaulted ceilings, plantation shutters, and a bright, open kitchen with a spacious island and stainless steel appliances overlooking the large family room--perfect for everyday living and entertaining. A downstairs bedroom and full bath provide a convenient option for guests, family, or a home office. Formal living and dining spaces add even more flexibility. Step outside to your private backyard retreat, complete with mature landscaping, low-maintenance synthetic grass, and a covered patio--an inviting space to relax, entertain, or simply enjoy the beautiful Arizona weather. Enjoy all that McDowell Mountain Ranch has to offer, including miles of scenic walking trails, community pools and spas, playgrounds, community centers, and more. With the playground and community amenities less than a block away, convenience and recreation are right outside your door. This is more than a home--it's a wonderful opportunity to enjoy the lifestyle, comfort, and community that make McDowell Mountain Ranch such a desirable destination!

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 $546,907. 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

Bedrooms4
Bathrooms3
Square feet2,132
Property typeSingle Family
MLS #7074474
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)
$1,353/mo
Source est. payment (PITI)
$1,740/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$546,907

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

$0$546,907
Additional funds needed$0

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