Properties / 1385 N SADDLEBACK Circle
VA ASSUMABLERate: 6.5%

1385 N SADDLEBACK Circle

$249,900
Tombstone, AZ 85638
2 beds2 baths1,000 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$9,415 interest already paid off
Estimated Loan Balance$247,862
Cash to close$2,038
Est. Monthly PITI$1,728
Initial Loan Amount$249,000
Time on site50 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$2,038
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Brand new build in the old west! Come check out this new build in the Town Too Tough to Die, just minutes away from the action of Allen st. This home sits upon a stunning view lot that looks over the valley below and surrounding mountains. This home was built with top notch materials and quality craftsmanship. Step inside this home and notice the high 9' ceilings, butcher block breakfast bar and granite counter tops. Kitchen is bright and airy with all of the essentials. Master bedroom is large and has a sliding glass door out to the stamped concrete covered patio. Master bath has dual vanity with large tiled, walk in shower. Walk in closet is spacious and bright with room for all of your apparel. Laundry area inside which is well lit and has top cupboards for your supplies. Guest bedroom is spacious and bright with large closet and heated with its own mini split for heating and cooling. Guest bath is open with tiled shower and glass doors. This home is heated and cooled with high efficiency mini splits in every room. This allows the owner comfort while not having a whole house HVAC system. You can heat and cool each room independently. Floors are LVP throughout with a gray/wood coloring which makes them aesthetically pleasing and easy to maintain. LED lighting in the rooms and bathrooms, ceiling fans as well. City provided water and brand new septic systems. This is worry free living at its finest.

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 $2,038. 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

Bedrooms2
Bathrooms2
Square feet1,000
Property typeSingle Family
MLS #7034102
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)
$1,575/mo
Source est. payment (PITI)
$1,728/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$2,038

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

$0$2,038
Additional funds needed$0

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