Properties / 7259 E EDGEWOOD Avenue
VA ASSUMABLERate: 3.1%

7259 E EDGEWOOD Avenue

$460,000
Mesa, AZ 85208
3 beds2 baths1,888 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$58,996 interest already paid off
Estimated Loan Balance$395,982
Cash to close$65,698
Est. Monthly PITI$2,191
Initial Loan Amount$436,020
Time on site45 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$64,018
Cash or secondary financing
Monthly savings
$839
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Welcome to this gorgeous golf-course home! The beautifully manicured landscape and 2-car garage are just the beginning. Inside, you'll find inviting living areas perfect for entertaining and relaxation, including an eat-in kitchen equipped with everything you need for a seamless cooking experience-spacious cabinetry, ample counters, and essential appliances. The primary bedroom has an en suite bathroom for added privacy and a practical walk-in closet for easy organization. The backyard includes a paver patio perfect for casual dining and plenty of space for outdoor entertainment. Hurry up and check it out now!

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 $64,018. 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 feet1,888
Property typeSingle Family
MLS #7059180
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)
$1,874/mo
Source est. payment (PITI)
$2,191/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$64,018

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

$0$64,018
Additional funds needed$0

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