Properties / 7338 E GREENWAY Street
VA ASSUMABLERate: 5.52%

7338 E GREENWAY Street

$516,999
Mesa, AZ 85207
4 beds2 baths1,896 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$97,588 interest already paid off
Estimated Loan Balance$421,868
Cash to close$97,525
Est. Monthly PITI$2,835
Initial Loan Amount$445,500
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$95,131
Cash or secondary financing
Monthly savings
$496
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

MOVE IN READY 4 BR PLUS BONUS ROOM! NEW AC W/ WARANTY NEWER ROOF & NO HOA! GREAT ROOM FLOORPLAN , GREAT FOR ENTERTAINING OPEN TO REMODELLED KITCHEN W/ QUARTZ COUNTERS, UPDATED CABINETS, & STAINLESS APPLIANCES. STEP OUT BACK ONTO COVERED PATIO W/ LARGE COVERED GAZEBO OVERLOOKING RESURFACED 7 FT. DEEP PEBBLE FINISH POOL W/ NEWER EQUIPMENT & DECKING. ALL THE BIG TICKET ITEMS HAVE BEEN UDATED, AC, ROOF, FLOORING, PAINT, WINDOWS, ARTIFICIAL TURF FRONT/BACK AND GARAGE DOOR! FANTASTIC LOCATION, CLOSE TO 202, SCHOOLS, HOSPITALS, PARKS, RIVER, LAKES, MOUNTAIN BIKING AND HIKING. SPACIOUS LOT WITH RV GATE, READY FOR YOU TO BRING YOUR TOYS. THIS HOME IS LOCATED IN A QUIET PART OF N/E MESA AND IT HAS BEEN WELL CARED FOR. YOU WON'T BE DISSAPOINTED.

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 $95,131. 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 feet1,896
Property typeSingle Family
MLS #7031243
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)
$2,553/mo
Source est. payment (PITI)
$2,835/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$95,131

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

$0$95,131
Additional funds needed$0

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