Properties / 1490 PURPLE SAGE Drive
VA ASSUMABLERate: 2.9%

1490 PURPLE SAGE Drive

$175,000
Chino Valley, AZ 86323
2 beds1 baths785 sqftSingle Family
The assumable advantage
2.9%
VA assumed rate
$22,359 interest already paid off
Estimated Loan Balance$152,359
Cash to close$24,310
Est. Monthly PITI$877
Initial Loan Amount$168,283
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$22,641
Cash or secondary financing
Monthly savings
$322
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Discover this cozy home ideally situated on a corner lot in Chino Valley. Just under a mile from the conveniences and amenities along Highway 89, this property offers both comfort and potential. It features a 10x12 storage shed which adds valuable functionality, while the fenced perimeter offers privacy and security. Whether you're looking for a primary residence, a second home, or an investment opportunity, this property combines location, usability, and future potential in one appealing package.

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 $22,641. 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

Bedrooms2
Bathrooms1
Square feet785
Property typeSingle Family
MLS #7010335
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)
$710/mo
Source est. payment (PITI)
$877/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$22,641

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

$0$22,641
Additional funds needed$0

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