Properties / 2763 Oriole Drive
VA ASSUMABLERate: 4.07%

2763 Oriole Drive

$370,000
Sierra Vista, AZ 85635
4 beds2 baths2,705 sqftSingle Family
The assumable advantage
4.07%
VA assumed rate
$79,152 interest already paid off
Estimated Loan Balance$123,072
Cash to close$248,157
Est. Monthly PITI$1,118
Initial Loan Amount$171,500
Time on site50 days
Remaining Term17 years
Seller's equity (what you pay)
$246,928
Cash or secondary financing
Monthly savings
$1,345
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Here's your opportunity to own an updated, spacious 4 bedroom 2 bath home with 2 bonus rooms and garage all on an acre lot in town! This home has it all with a newly renovated kitchen, Central A/C, and energy efficient dual pane windows. This home features a living room, family, formal dining room, breakfast nook off the kitchen, and 2 bonus rooms in addition to the bedrooms. Enjoy the outdoors with a cobblestone patio, desert landscaping, and ample space to store a trailer/boat or RV. If you're looking for space, flexibility, and country loving while still being conveniently located in town, then this is the home for you!

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 $246,928. 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 feet2,705
Property typeSingle Family
MLS #7037083
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)
$837/mo
Source est. payment (PITI)
$1,118/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$246,928

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

$0$246,928
Additional funds needed$0

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