Properties / 1014 PRESTON Street
VA ASSUMABLERate: 3.97%

1014 PRESTON Street

$295,000
Sierra Vista, AZ 85635
3 beds2 baths1,585 sqftSingle Family
The assumable advantage
3.97%
VA assumed rate
$59,379 interest already paid off
Estimated Loan Balance$148,303
Cash to close$146,322
Est. Monthly PITI$1,146
Initial Loan Amount$182,103
Time on site4 days
Remaining Term21 years, 1 month
Seller's equity (what you pay)
$146,697
Cash or secondary financing
Monthly savings
$874
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Beautifully maintained 3-bedroom, 2-bathroom home offering 1,585 square feet of comfortable living in a desirable Sierra Vista neighborhood. Built in 2010, this move-in ready home features a desirable split floor plan and an open-concept layout with spacious living areas. The kitchen and bathroom cabinets have been beautifully refinished. Situated on a desirable corner lot, the backyard offers a play structure and space to enjoy the outdoors. Conveniently located near shopping, dining, the library, parks, schools, and Fort Huachuca. This home has it all!

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 $146,697. 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 feet1,585
Property typeSingle Family
MLS #7064450
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)
$866/mo
Source est. payment (PITI)
$1,146/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$146,697

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

$0$146,697
Additional funds needed$0

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