Properties / 5877 N GRANITE REEF Road
VA ASSUMABLERate: 2.94%

5877 N GRANITE REEF Road

$254,900
Scottsdale, AZ 85250
1 beds1 baths680 sqftSingle Family
The assumable advantage
2.94%
VA assumed rate
$25,248 interest already paid off
Estimated Loan Balance$151,722
Cash to close$103,865
Est. Monthly PITI$905
Initial Loan Amount$170,841
Time on site50 days
Remaining Term24 years, 9 months
Seller's equity (what you pay)
$103,178
Cash or secondary financing
Monthly savings
$783
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Enjoy low-maintenance Scottsdale living in this FHA-eligible, move-in ready ground-floor condo! Fresh interior paint, wood-look tile flooring, granite counters, stainless steel appliances and updated fixtures create a bright, inviting interior. Sliding barn doors add character while the private outdoor patio with storage expands your living space. The HOA covers air conditioning, water, sewer, trash, exterior maintenance and resort-style amenities including a pool, heated spa, fitness center, tennis court and clubhouse. You'll be minutes from Bashas', Ace Hardware, Walgreens, Old Town Scottsdale, Fashion Square, world-class shopping and dining, and the Talking Stick Entertainment District. This lock-and-leave home offers exceptional value and an unbeatable Scottsdale lifestyle!

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 $103,178. 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 feet680
Property typeSingle Family
MLS #7048683
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)
$720/mo
Source est. payment (PITI)
$905/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$103,178

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

$0$103,178
Additional funds needed$0

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