Properties / 1965 E PICCADILLY Drive
VA ASSUMABLERate: 7.29%

1965 E PICCADILLY Drive

$449,000
Sierra Vista, AZ 85635
4 beds2 baths2,800 sqftSingle Family
The assumable advantage
7.29%
VA assumed rate
$76,592 interest already paid off
Estimated Loan Balance$389,323
Cash to close$60,045
Est. Monthly PITI$3,043
Initial Loan Amount$399,085
Time on site30 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$59,677
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

THIS IS IT! Beautiful 2,800 sq ft 4-bed 2-bath home with a separate office and family room on half an acre in the middle of town! Minutes to dining, shopping, entertainment and Fort Huachuca. The HUGE fourth bedroom has its own entrance with many possibilities: Home based business, in-law suite, home gym, or private bedroom! You also have NO CARPET, ON DEMAND hot water, and full house water filtration! Outside you will find a circular driveway, cozy front patio with artificial turf, 3 sheds/workshops in the massive backyard (2 with lofts and 1 with a garage door), 2 RV gates and COVERED RV parking, additional two vehicle covered parking, extra privacy backing to a wash, mostly closed in back patio, and a nice pergola for relaxing and entertaining. Come see this Gem before its gone!

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 $59,677. 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

Bedrooms4
Bathrooms2
Square feet2,800
Property typeSingle Family
MLS #7065404
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)
$2,738/mo
Source est. payment (PITI)
$3,043/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$59,677

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

$0$59,677
Additional funds needed$0

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