Properties / 12779 S Concho Dr.
VA ASSUMABLERate: 3.92%

12779 S Concho Dr.

$215,000
Topock, AZ 86436
3 beds2 baths1,404 sqftSingle Family
The assumable advantage
3.92%
VA assumed rate
$38,050 interest already paid off
Estimated Loan Balance$101,218
Cash to close$114,278
Est. Monthly PITI$810
Initial Loan Amount$122,320
Time on site36 days
Remaining Term21 years, 5 months
Seller's equity (what you pay)
$113,782
Cash or secondary financing
Monthly savings
$685
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Winter home, summer retreat or your all around permanent home, there's plenty of room here to store your desert toys, boat, RV. Property is being sold as-is and will need a little TLC including fresh interior paint and new carpet. This 3 bedroom, 2 bath manufactured home with detached 4 car garage is located in the heart of Topock. A little over a quarter acre property with views from the fully covered back patio/deck allows for comfortable daytime or evening relaxation and/or entertaining with friends and family. Topock is conveniently located near the Colorado River, historic Route 66, boat launch access, off-roading in the desert and more. Golden Shores is a small community with several events throughout the year including the Fireman's BBQ and Auction Fundraiser, car shows, biker events, womens club events, art shows and more. The community has a small grocery store, post office, restaurants and bars, and a senior community center.

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 $113,782. 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 feet1,404
Property typeSingle Family
MLS #040338
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)
$583/mo
Source est. payment (PITI)
$810/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$113,782

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

$0$113,782
Additional funds needed$0

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