Properties / 1648 PICCADILLY Drive
VA ASSUMABLERate: 2.87%

1648 PICCADILLY Drive

$479,999
Sierra Vista, AZ 85635
3 beds2 baths2,555 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$41,798 interest already paid off
Estimated Loan Balance$276,871
Cash to close$205,596
Est. Monthly PITI$1,626
Initial Loan Amount$307,980
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$203,128
Cash or secondary financing
Monthly savings
$1,540
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

$10,000.00 towards Buyer's closing cost with negotiated offer. Remodeled 2555 Sq. Ft. home 3 bedroom +Bonus game room/office. on nearly a Half acre block wall lot. Courtyard front Entry. Freshly seeded grass yard. Fully equipped kitchen, upgraded cabinets, granite countertops. Spa like master bath. Mid-town location close to town and Fort Huachuca.

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 $203,128. 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 feet2,555
Property typeSingle Family
MLS #7022664
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)
$1,291/mo
Source est. payment (PITI)
$1,626/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$203,128

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

$0$203,128
Additional funds needed$0

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