Properties / 901 S SMITH Road
VA ASSUMABLERate: 3.03%

901 S SMITH Road

$570,000
Tempe, AZ 85281
3 beds3 baths1,833 sqftSingle Family
The assumable advantage
3.03%
VA assumed rate
$69,914 interest already paid off
Estimated Loan Balance$373,488
Cash to close$195,648
Est. Monthly PITI$2,199
Initial Loan Amount$427,567
Time on site1 day
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$196,512
Cash or secondary financing
Monthly savings
$1,547
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Welcome to elevated Tempe living in this beautifully refreshed 3-bedroom, 2.5-bathroom townhome nestled within a gated community. Thoughtfully updated and truly move-in ready, this home blends modern finishes with everyday functionality. The beautifully updated kitchen features stainless steel appliances, soft-close cabinetry, and stylish finishes. The private paver patio is designed for low-maintenance outdoor living with turf and easy-care landscaping. The attached 2-car garage offers additional storage. Upstairs, the primary bedroom opens up to its own private balcony, the perfect spot for a morning coffee or evening unwind. Community amenities include a sparkling pool, gas grills, and guest parking. Ideally positioned near ASU, Downtown Tempe, Mill Avenue, Tempe Town Lake, shopping, dining, and major freeways, this home puts you close to everything Tempe has to offer while keeping daily commutes convenient.

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 $196,512. 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
Bathrooms3
Square feet1,833
Property typeSingle Family
MLS #7077862
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)
$1,814/mo
Source est. payment (PITI)
$2,199/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$196,512

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

$0$196,512
Additional funds needed$0

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