Properties / 127 LAKEVIEW Court
VA ASSUMABLERate: 3.57%

127 LAKEVIEW Court

$459,000
Mormon Lake, AZ 86038
1 beds1 baths1,152 sqftSingle Family
The assumable advantage
3.57%
VA assumed rate
$54,661 interest already paid off
Estimated Loan Balance$132,861
Cash to close$326,887
Est. Monthly PITI$1,025
Initial Loan Amount$169,721
Time on site50 days
Remaining Term20 years
Seller's equity (what you pay)
$326,139
Cash or secondary financing
Monthly savings
$1,932
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

Want to be off grid with a beautiful setting around you, this is the one. 1 bedroom/ 1 bathroom open floor plan. Home is on solar, propane and piped in water . (property also has a well but is not currently being used but buyer may be able to access and use). Have the privacy in the woods of the Ponderosa Paradise subdivision, backs up to Stoneman Lake which is seasonal based on rain/snowfall. Sit and enjoy the beautiful wildlife as they saunter by. There is an attached garage for your toys. Metal roof so easy maintenance. Don't miss this rare opportunity to buy out here. It can be accessed off of Stoneman lake road and Lk Mary or off of I-17 down Stoneman Lk Rd.

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 $326,139. 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

Bedrooms1
Bathrooms1
Square feet1,152
Property typeSingle Family
MLS #7054984
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)
$775/mo
Source est. payment (PITI)
$1,025/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$326,139

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

$0$326,139
Additional funds needed$0

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