Properties / 209 W IVYGLEN Street
VA ASSUMABLERate: 5.3%

209 W IVYGLEN Street

$400,000
Mesa, AZ 85201
4 beds2 baths1,974 sqftSingle Family
The assumable advantage
5.3%
VA assumed rate
$70,522 interest already paid off
Estimated Loan Balance$322,172
Cash to close$77,352
Est. Monthly PITI$2,180
Initial Loan Amount$342,449
Time on site1 day
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$77,828
Cash or secondary financing
Monthly savings
$457
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Seize the chance to own this charming 4-bedroom, 2-bath home on a coveted corner lot w/ roof done in 22! You're greeted by a 2-car garage, a manicured lawn, and lovely brick accents. Discover an inviting living room with track lighting, a soothing palette, a brick feature wall, and durable tile flooring. You'll also find a spacious family room for relaxing evenings with loved ones. The well-appointed kitchen comes with granite counters, white shaker cabinets, a tile backsplash, and sleek stainless steel appliances. Spend quiet afternoons in the bright sunroom, perfect for enjoying the warm Arizona weather year-round. Imagine enchanting evenings with loved ones in the backyard, which offers a sizeable open patio, well-laid pavers, a storage shed, and a relaxing spa. Make this gem yours toda

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 $77,828. 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 feet1,974
Property typeSingle Family
MLS #7078190
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)
$1,902/mo
Source est. payment (PITI)
$2,180/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$77,828

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

$0$77,828
Additional funds needed$0

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