Properties / 642 E CORNMAN Road
VA ASSUMABLERate: 2.87%

642 E CORNMAN Road

$975,000
Coolidge, AZ 85128
3 beds2 baths1,369 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$49,483 interest already paid off
Estimated Loan Balance$339,187
Cash to close$650,146
Est. Monthly PITI$1,917
Initial Loan Amount$364,604
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$635,813
Cash or secondary financing
Monthly savings
$4,168
Versus today's market rate
Est. savings per year
$50K
Versus today's market rate

About this home

This property is truly a horse lover's dream with all the amenities you could possibly need. The barndominium styled home is perfect for comfortable living, while the bunk house casitas offer additional space for guests or renters. The outdoor living breezeways with a bar and fireplace are ideal for entertaining and enjoying the beautiful surroundings. The horse set up is top-notch, with 32 covered pipe horse stalls, a full-size roping arena, covered hay barn, workshop, and separate barn office. The 8 RV hookups make it easy to accommodate visitors, and the grounds keeper quarters ensure that everything is well-maintained. Don't miss this incredible opportunity to live the dream life. 2 APNs included for a total of 3.088 acres. Home has new hurricane rated roof! Arena is 100x200, has newer pneumatic remote control shoots, 30 foot steel walled round pen, the barn has finished drywalled and air conditioned office, private owner tack room, All stalls are 100% covered, boarder 3 wash racks, dog kennels, boarder tack and grain rooms, mechanical shop. 14 acre turn-out as well as additional covered stalls not listed above and covered hay bays large enough to fit several squeezes of hay. Dont let this opportunity getaway the property is minutes from the freeway, in the new Pinal County Corridor of trade, business and progress, perfect for the high tech owners who want extra income, and a great work life balance.!!

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 $635,813. 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 feet1,369
Property typeSingle Family
MLS #6726835
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)
$1,582/mo
Source est. payment (PITI)
$1,917/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$635,813

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

$0$635,813
Additional funds needed$0

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