Properties / 1161 S OCOTILLO Drive
VA ASSUMABLERate: 6.5%

1161 S OCOTILLO Drive

$259,500
Apache Junction, AZ 85120
2 beds2 baths1,298 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$17,983 interest already paid off
Estimated Loan Balance$236,135
Cash to close$23,594
Est. Monthly PITI$1,745
Initial Loan Amount$238,573
Time on site50 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$23,365
Cash or secondary financing
Monthly savings
$19
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Situated on an interior N/S Lot in the Apache Villa active adult community. This home is within walking distance to Apache Villa clubhouse where residents can enjoy swimming, relaxing in the jacuzzi, play shuffleboard, pickleball and so much more. The single-family home offers a separate living and family room, lots of luxury vinyl plank flooring, 2 bedrooms plus den and an Arizona room. Accent paint and ceiling fans. The kitchen features newer counters, and a stainless-steel double oven. Soft water & r/o & an Inside laundry room. The owners bath features a tiled surround shower. The backyard features a covered patio, good sized yard and a storage room. Carport for covered parking. Since 1974, Apache Villa has maintained an active adult community where you can live life to the fullest, & enjoy the opportunities you look forward to in your retirement, all the while making new friends throughout the year!

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 $23,365. 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 feet1,298
Property typeSingle Family
MLS #7004411
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)
$1,511/mo
Source est. payment (PITI)
$1,745/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$23,365

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

$0$23,365
Additional funds needed$0

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