Properties / 1299 E CANYON Street
VA ASSUMABLERate: 3.23%

1299 E CANYON Street

$725,000
Apache Junction, AZ 85119
3 beds2 baths2,336 sqftSingle Family
The assumable advantage
3.23%
VA assumed rate
$44,241 interest already paid off
Estimated Loan Balance$207,257
Cash to close$518,690
Est. Monthly PITI$1,404
Initial Loan Amount$237,371
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$517,743
Cash or secondary financing
Monthly savings
$3,238
Versus today's market rate
Est. savings per year
$39K
Versus today's market rate

About this home

Opportunity awaits in the heart of Apache Junction! Situated on a spacious 2 acre lot with stunning views of the Superstition Mountains, this property offers the perfect blend of privacy, freedom, and Arizona living. Whether you're looking for a primary residence, investment opportunity, or a property to customize and make your own, the possibilities are endless. Enjoy the benefits of no HOA, ample outdoor space, and room for your toys, RV, animals, or future improvements. The home offers a functional floor plan with abundant natural light and a comfortable living space ready for your personal touches. Conveniently located near hiking and outdoor recreation, including Lost Dutchman State Park and the Tonto National Forest, while still providing easy access to shopping, dining, schools, and major commuting routes. If you've been searching for an affordable Arizona property with mountain views, space to grow, and the flexibility to create the lifestyle you want, this is one you won't want to miss!

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 $517,743. 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 feet2,336
Property typeSingle Family
MLS #7046251
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)
$1,038/mo
Source est. payment (PITI)
$1,404/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$517,743

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

$0$517,743
Additional funds needed$0

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