Properties / 788 N Firesky Lane
VA ASSUMABLERate: 2.24%

788 N Firesky Lane

$675,000
Chino Valley, AZ 86323
3 beds3 baths2,008 sqftSingle Family
The assumable advantage
2.24%
VA assumed rate
$36,925 interest already paid off
Estimated Loan Balance$284,483
Cash to close$391,941
Est. Monthly PITI$1,625
Initial Loan Amount$325,461
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$390,517
Cash or secondary financing
Monthly savings
$2,729
Versus today's market rate
Est. savings per year
$33K
Versus today's market rate

About this home

This is the property! 36 GPM well and a single level elegant open floor plan with views of Granite Mountain. Featuring an oversized 4 car garage with epoxy floors, a BRAND NEW Bosch HVAC system, a Rhino Shield exterior paint job, 3 full bathrooms with an en suite, heated floor in the primary bathroom, new carpet in 2 of the bedrooms, and engineered hardwood floors, this property checks all the boxes! Enjoy the light and bright open floor plan with 10-12 ft ceilings, huge windows taking in the views of Granite Mountain and little Thumb Butte. Stone fireplace, wood burning stove, lots of storage, upgraded lighting, large laundry room. Beautiful kitchen with granite countertops, modern glazed cabinetry, pantry Private patio and spacious lot perfect for horses or toys!

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 $390,517. 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 feet2,008
Property typeSingle Family
MLS #7053909
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)
$1,252/mo
Source est. payment (PITI)
$1,625/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$390,517

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

$0$390,517
Additional funds needed$0

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