Properties / 47205 N New River Road
VA ASSUMABLERate: 3.02%

47205 N New River Road

$399,999
New River, AZ 85087
3 beds2 baths2,008 sqftSingle Family
The assumable advantage
3.02%
VA assumed rate
$44,755 interest already paid off
Estimated Loan Balance$231,097
Cash to close$171,048
Est. Monthly PITI$1,388
Initial Loan Amount$264,001
Time on site50 days
Remaining Term24 years
Seller's equity (what you pay)
$168,902
Cash or secondary financing
Monthly savings
$1,230
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Looking for space for horses, RVs, or recreational toys? This property offers the opportunity you've been searching for. Situated on 1.2 acres, this 3-bedroom, 2-bathroom home is full of potential and awaits your finishing touches. Relax on the back porch while enjoying the peaceful desert landscape and mountain views in the distance. Inside, you'll find an inviting kitchen featuring a spacious pantry and dedicated laundry area. The home also includes an office space along with an additional storage room, offering flexibility for work, hobbies, or organization. Recent features and updates include a new roof installed in 2020, a whole-house water filtration system with sediment and charcoal filtration, and solar panels to help reduce energy costs and offset rising APS bills.

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 $168,902. 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 feet2,008
Property typeSingle Family
MLS #7031321
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)
$1,129/mo
Source est. payment (PITI)
$1,388/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$168,902

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

$0$168,902
Additional funds needed$0

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