Properties / 1462 E TORREY PINES Lane
VA ASSUMABLERate: 6.82%

1462 E TORREY PINES Lane

$315,000
Chandler, AZ 85249
2 beds2 baths1,086 sqftSingle Family
The assumable advantage
6.82%
VA assumed rate
$63,739 interest already paid off
Estimated Loan Balance$357,658
Cash to close$0
Est. Monthly PITI$2,653
Initial Loan Amount$366,718
Time on site50 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$0
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

Discover why Springfield Adult Resort Community is one of Chandler's most sought-after 55+ destinations. This quiet, guard-gated community is known for its beautifully maintained 18-hole executive golf course and impressive lineup of amenities, including a clubhouse, heated pool and spa, lap pool, tennis, pickleball, fitness center, restaurant, and lounge--offering an active, social lifestyle right at your doorstep. This popular Retreat model features a desirable split-bedroom floor plan, a two-car garage, and an indoor laundry room for everyday convenience. Energy-efficient upgrades include all new windows and solar panels, improving comfort while reducing utility costs. Last month's electric bill was only $50! An added EV charger provides modern convenience. Inside, the light-filled open living space showcases vaulted ceilings and an expanded dining area with bay windows, creating a comfortable setting for both relaxing and entertaining. The bright white kitchen has been refreshed with new stainless steel appliances, along with pendant and recessed lighting that enhances both style and functionality. Step outside to a spacious covered patio--perfect for enjoying quiet mornings and evening relaxation. This is a great opportunity to enjoy a low-maintenance home in a vibrant, amenity-rich active adult community. A percentage of residents in this community can be 40-54 years old - inquire for details.

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 $0. 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 feet1,086
Property typeSingle Family
MLS #7039131
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)
$2,405/mo
Source est. payment (PITI)
$2,653/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.