Properties / 1285 E CORSIA Lane
VA ASSUMABLERate: 3.31%

1285 E CORSIA Lane

$975,000
Queen Creek, AZ 85140
3 beds3 baths2,755 sqftSingle Family
The assumable advantage
3.31%
VA assumed rate
$67,964 interest already paid off
Estimated Loan Balance$309,180
Cash to close$669,971
Est. Monthly PITI$2,119
Initial Loan Amount$351,154
Time on site50 days
Remaining Term23 years, 10 months
Seller's equity (what you pay)
$665,820
Cash or secondary financing
Monthly savings
$4,186
Versus today's market rate
Est. savings per year
$50K
Versus today's market rate

About this home

RARE FIND! The Caetagena model in the Encanterra resort community offers it all. This home is a corner lot and walking distance to the club house, spa and gym. It offers a stunning gourmet kitchen w/high end appliances, large granite island, granite backsplash, food warmer, double ovens & so much more. The master suite offers a private his & her bathroom w/his & her walk-in closets to include jetted tub, The guest room is secluded & very spacious, it features an en suite bath, sitting rm/tv rm. Oversized laundry rm/ smart rm w/lots of cabinets. Dining rm has a custom built -in buffet/bar w/plenty of floating down lighting cabinets.To many upgrades to mention: Iron front door, coffer ceilings, crown molding, epoxy floor in garage, custom built in Murphy bed, surround sound & more.

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 $665,820. 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 feet2,755
Property typeSingle Family
MLS #6994491
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)
$1,564/mo
Source est. payment (PITI)
$2,119/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$665,820

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

$0$665,820
Additional funds needed$0

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