Properties / 6730 E PRESTON Street
VA ASSUMABLERate: 3.5%

6730 E PRESTON Street

$379,000
Mesa, AZ 85215
2 beds2 baths1,001 sqftSingle Family
The assumable advantage
3.5%
VA assumed rate
$54,766 interest already paid off
Estimated Loan Balance$68,468
Cash to close$311,181
Est. Monthly PITI$772
Initial Loan Amount$116,553
Time on site50 days
Remaining Term13 years, 6 months
Seller's equity (what you pay)
$310,532
Cash or secondary financing
Monthly savings
$1,704
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Stop the car! Pack your bags! Move in ready home. Perfect for a 1st time home buyer or even winter visitor. Updated 2 bedroom, 2 bathroom home in a gated community. Tastefully updated kitchen with granite countertops and stainless steel appliances. Brand new carpet in the bedrooms and tile in all of the other areas. Gorgeous private backyard with lush landscaping and plenty of shade from your covered patio to relax on. Main bathroom shower is an updated oasis. Fresh paint throughout. Close to 202, Red Mountain, shopping, lakes, the river and Mesa Community College. Sparkling community pool.

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 $310,532. 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

Bedrooms2
Bathrooms2
Square feet1,001
Property typeSingle Family
MLS #7055356
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)
$531/mo
Source est. payment (PITI)
$772/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$310,532

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

$0$310,532
Additional funds needed$0

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