Properties / 10947 E SYLVAN Avenue
VA ASSUMABLERate: 2.88%

10947 E SYLVAN Avenue

$499,000
Mesa, AZ 85212
4 beds2 baths2,102 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$50,850 interest already paid off
Estimated Loan Balance$273,649
Cash to close$226,002
Est. Monthly PITI$1,634
Initial Loan Amount$315,000
Time on site30 days
Remaining Term24 years, 1 month
Seller's equity (what you pay)
$225,351
Cash or secondary financing
Monthly savings
$1,629
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Nestled in the desirable Bella Via community, this move-in-ready home is perfect as a full-time residence or a lock-and-leave vacation retreat! Offering 4 bedrooms and 2 baths, the split floor plan provides privacy with a spacious primary suite featuring a full ensuite bath. Tile flooring extends throughout all high-traffic areas for easy maintenance. The well-appointed kitchen boasts granite countertops, a center island, abundant cabinet and counter space, a pantry, and a sunny breakfast nook, and is open to the great room--ideal for everyday living and entertaining. Step outside to the covered patio and relax in the above-ground spa, creating the perfect space to unwind

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 $225,351. 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 feet2,102
Property typeSingle Family
MLS #7059831
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)
$1,314/mo
Source est. payment (PITI)
$1,634/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$225,351

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

$0$225,351
Additional funds needed$0

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