Properties / 405 W HOUSTON MESA Road
VA ASSUMABLERate: 3.06%

405 W HOUSTON MESA Road

$539,900
Payson, AZ 85541
3 beds2 baths2,078 sqftSingle Family
The assumable advantage
3.06%
VA assumed rate
$53,049 interest already paid off
Estimated Loan Balance$319,356
Cash to close$224,731
Est. Monthly PITI$1,930
Initial Loan Amount$354,898
Time on site50 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$220,544
Cash or secondary financing
Monthly savings
$1,653
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Stone gas fireplace in the great room. Split floorplan and open kitchen. Low maintenance, nicely landscaped yards. Stepping out of your car you'll notice this well-maintained home with easy car landscaping. Walking up to the home, you'll pass through a gate into a front patio area perfect for your early morning coffee or afternoon iced tea or cocktail. Ounce you walk through the front into the spacious foyer you notice the open floor place with laminate flooring and exquisite stone fireplace that invites you to come over and sit in the comfortable chairs for a minute or two soaking in the atmosphere of the great room. After relaxing in the recliners, you notice the alcove entertainment area to your right with big screen TV and sound system waiting for the evening movie with popcorn and beverages. Looking around you see the dining area and open kitchen with loads of cabinets and stainless-steel appliances, perched in the middle is a large island for meal prep for those family and friend gatherings. When you finish soaking it all in you remember, oh, there's the Main bedroom with ensuite, ounce you enter there's a stone accent wall and lots of space for a king-size bed. The ensuite features a walk-in shower, waist high counters with dual sinks, roomy walking closet, and that's not all! Off the main bedroom there is also a screened in AZ room to enjoy the great Rim Country weather with access to a covered patio, the back yard is adjacent to a green belt for more privacy. The secondary bedrooms are spacious; one is currently set up as office with vinyl planking for easy cleaning.

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 $220,544. 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 feet2,078
Property typeSingle Family
MLS #7006757
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)
$1,531/mo
Source est. payment (PITI)
$1,930/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$220,544

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

$0$220,544
Additional funds needed$0

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