Properties / 10218 E WAVELENGTH Avenue
VA ASSUMABLERate: 3.09%

10218 E WAVELENGTH Avenue

$628,900
Mesa, AZ 85212
4 beds3 baths2,196 sqftSingle Family
The assumable advantage
3.09%
VA assumed rate
$71,936 interest already paid off
Estimated Loan Balance$465,286
Cash to close$164,616
Est. Monthly PITI$2,604
Initial Loan Amount$515,700
Time on site27 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$163,614
Cash or secondary financing
Monthly savings
$1,500
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Owned Solar! Located in the Eastmark community! Built by William Ryan Homes in 2020, this beautifully designed single-level residence offers 2,196 square feet with 4 bedrooms, 3 bathrooms, & a thoughtfully arranged split-bedroom layout. At the center of the home is an impressive kitchen featuring quartz countertops, stainless steel appliances, a pantry, and an oversized island that flows seamlessly into the spacious dining and great room areas. The open-concept design creates the perfect setting for everyday living and entertaining. Rare floor-to-ceiling windows in the living room give a custom touch. Step outside to your own backyard retreat featuring a sparkling private pool, while permanent exterior holiday lighting adds year-round convenience & curb appeal. Owned solar panels provide an additional energy-efficient advantage. Easy freeway access in under five minutes, this home puts shopping, dining, recreation, entertainment, and everything the East Valley has to offer within easy reach. A fantastic combination of location, upgrades, energy efficiency, and Arizona indoor-outdoor living!

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 $163,614. 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
Bathrooms3
Square feet2,196
Property typeSingle Family
MLS #7067189
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)
$2,209/mo
Source est. payment (PITI)
$2,604/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$163,614

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

$0$163,614
Additional funds needed$0

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