Properties / 2002 TOWN AND COUNTRY Drive
VA ASSUMABLERate: 2.28%

2002 TOWN AND COUNTRY Drive

$449,999
Sierra Vista, AZ 85635
5 beds3 baths3,006 sqftSingle Family
The assumable advantage
2.28%
VA assumed rate
$31,248 interest already paid off
Estimated Loan Balance$247,839
Cash to close$203,777
Est. Monthly PITI$1,566
Initial Loan Amount$292,152
Time on site50 days
Remaining Term19 years, 11 months
Seller's equity (what you pay)
$202,160
Cash or secondary financing
Monthly savings
$1,363
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Rare opportunity to own this 5-bedroom, 3-bath home with over 3,000 square feet, a 2-car garage, and a 0.77-acre lot in the heart of Sierra Vista. The flexible floor plan includes two primary suites and numerous updates throughout. Tile and bamboo flooring run throughout the home. The updated kitchen features granite countertops, a farmhouse sink, ample cabinetry, and generous workspace. The living area is anchored by a wood-burning fireplace. Recent improvements include a new water heater and a recoated roof. Outside, the large lot offers room for gardening, RV parking, recreation, or future customization. Located near schools, shopping, restaurants, parks, medical facilities, and Ft Huachuca. The combination of size, updates, and location makes this property stand out.

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 $202,160. 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

Bedrooms5
Bathrooms3
Square feet3,006
Property typeSingle Family
MLS #7044922
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,291/mo
Source est. payment (PITI)
$1,566/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$202,160

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

$0$202,160
Additional funds needed$0

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