Properties / 7965 W MONTECITO Avenue
VA ASSUMABLERate: 6.84%

7965 W MONTECITO Avenue

$324,900
Phoenix, AZ 85033
3 beds2 baths1,258 sqftSingle Family
The assumable advantage
6.84%
VA assumed rate
$17,591 interest already paid off
Estimated Loan Balance$205,203
Cash to close$120,256
Est. Monthly PITI$1,591
Initial Loan Amount$207,000
Time on site50 days
Remaining Term28 years, 10 months
Seller's equity (what you pay)
$119,697
Cash or secondary financing
Monthly savings
$556
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Opportunity meets value in this spacious 3-bed, 2-bath home packed with major upgrades where they matter most! Enjoy peace of mind with a nearly new Goettl air conditioning unit, newer water heater, clothes washer, water softener, solar system and an upgraded electrical panel. This property offers incredible potential for the right buyer to build sweat equity through cosmetic updates and personal touches. Outside, there's room for all your toys and projects with a 2-car garage, oversized driveway, RV gate, and dedicated RV parking. Need storage or workspace? The impressive 12x24 storage building has you covered. Relax or entertain year-round beneath the massive 13.5x34 covered patio--perfect for Arizona outdoor living. A rare opportunity to own a home with unlimited potential.

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 $119,697. 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 feet1,258
Property typeSingle Family
MLS #7022836
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)
$1,360/mo
Source est. payment (PITI)
$1,591/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$119,697

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

$0$119,697
Additional funds needed$0

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