Properties / 724 W MESQUITE Lane
VA ASSUMABLERate: 3.21%

724 W MESQUITE Lane

$850,000
Litchfield Park, AZ 85340
5 beds4 baths4,358 sqftSingle Family
The assumable advantage
3.21%
VA assumed rate
$92,149 interest already paid off
Estimated Loan Balance$445,461
Cash to close$405,557
Est. Monthly PITI$2,784
Initial Loan Amount$510,400
Time on site9 days
Remaining Term24 years
Seller's equity (what you pay)
$404,539
Cash or secondary financing
Monthly savings
$2,793
Versus today's market rate
Est. savings per year
$34K
Versus today's market rate

About this home

MOTIVATED SELLER! BEAUTIFUL TOLL BROTHERS HOME LOCATED IN ONE OF THE WEST VALLEYS MOST SOUGHT AFTER NEIGHBORHOODS. WALKING DISTANCES FROM PARKS, GOLF COURSE, SHOPPING, AND SCHOOLS. THIS HOME FEATURES AND OVERSIZED KITCHEN WITH HUGE ISLAND, GRANITE COUNTERS TOPS, AND UPGRADED 42' CABINETS. MATER SUITE IS DOWNSTAIRS AND IT'S ENORMOUS WITH A HUGE WALK IN CLOSET. THE KIDS OR FAMILY HAVE THEIR CHOICE OF TWO ADDITIONAL BEDROOMS UPSTAIRS OR DOWNSTAIRS. YOU CAN UTILIZED THE DEN TO WORK FROM HOME OR A GAMEROOM. THIS HOME HAS SO MUCH TO OFFER, WHETHER IS HANGING BY THE FIREPLACE, READING IN YOUR OWN PRIVATE LIBRARY, OR ENJOYING YOUR PRIVATE TIME IN YOUR OVERSIZED LOW MAINTAINACE BACKYARD. DON'T LET THIS ONE SLIP AWAY! THIS HOME IS PRICED TO SALE!

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 $404,539. 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

Bedrooms5
Bathrooms4
Square feet4,358
Property typeSingle Family
MLS #7074777
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)
$2,220/mo
Source est. payment (PITI)
$2,784/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$404,539

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

$0$404,539
Additional funds needed$0

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