Properties / 1510 E DOLPHIN Avenue
VA ASSUMABLERate: 2.9%

1510 E DOLPHIN Avenue

$420,000
Mesa, AZ 85204
3 beds2 baths1,650 sqftSingle Family
The assumable advantage
2.9%
VA assumed rate
$33,239 interest already paid off
Estimated Loan Balance$224,508
Cash to close$195,991
Est. Monthly PITI$1,280
Initial Loan Amount$250,162
Time on site49 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$195,492
Cash or secondary financing
Monthly savings
$1,431
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Situated on a large cul-de-sac lot, this Mesa home offers a functional floor plan, generous living areas, and a wood-burning fireplace. The primary bedroom features a walk-in closet and a three-quarter bathroom with a walk-in tiled shower. Additional interior features include ceiling fans, carpeted bedrooms, and an attached two-car garage with built-in cabinetry. Outdoor amenities include a covered front porch, covered rear patio, separate patio area, RV gate, storage shed, and a detached two-car garage. Offered in its current condition, the property provides an opportunity for the next owner to personalize and make improvements suited to their needs. Conveniently located near parks, shopping, dining, schools, and major commuter routes in an established Mesa neighborhood.

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 $195,492. 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 feet1,650
Property typeSingle Family
MLS #7057896
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)
$1,046/mo
Source est. payment (PITI)
$1,280/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$195,492

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

$0$195,492
Additional funds needed$0

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