Properties / 76 MUSTANG RANCH Road
VA ASSUMABLERate: 6.72%

76 MUSTANG RANCH Road

$699,000
Elgin, AZ 85611
3 beds2 baths1,749 sqftSingle Family
The assumable advantage
6.72%
VA assumed rate
$39,537 interest already paid off
Estimated Loan Balance$541,638
Cash to close$158,862
Est. Monthly PITI$3,993
Initial Loan Amount$545,990
Time on site50 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$157,362
Cash or secondary financing
Monthly savings
$578
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Breathtaking mountain views on this impressive 40-acre property now on the market! This rare horse property offers endless possibilities for livestock, workshops, and future growth. Nestled within this expansive land is a charming 1,749 sq ft home NEW ROOF, NEW HVAC featuring Saltillo tile, a spacious living-dining room, an ample kitchen, three bedrooms, and two bathrooms. The home is ready for your personal touch and creative vision, while the grounds include a barn, storage shed, corral, horse stalls, 3,500 Gallon Water Tank and unforgettable sunsets over the mountains. Discover the exceptional potential and value this unique property has to offer!

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 $157,362. 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 feet1,749
Property typeSingle Family
MLS #7038014
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)
$3,544/mo
Source est. payment (PITI)
$3,993/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$157,362

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

$0$157,362
Additional funds needed$0

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