Properties / 6265 E DODGE Street
VA ASSUMABLERate: 7.09%

6265 E DODGE Street

$274,900
Mesa, AZ 85205
2 beds2 baths1,372 sqftSingle Family
The assumable advantage
7.09%
VA assumed rate
$50,881 interest already paid off
Estimated Loan Balance$315,825
Cash to close$0
Est. Monthly PITI$2,395
Initial Loan Amount$322,500
Time on site28 days
Remaining Term27 years, 10 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

NO HOA! Short sale/pre-foreclosure opportunity in a charming 55+ community. This single-level 2-bedroom, 2-bath home offers 1,372 sq ft plus a large enclosed Arizona room and no interior steps. The bright living room features a large picture window and opens to a spacious dining area. The kitchen includes a dishwasher, wall oven, microwave, cooktop, and breakfast bar. The enclosed Arizona room has its own HVAC, backyard access, and offers flexible additional living space. The primary suite features two closets and an ensuite bath; the tub/shower has been removed and the area is currently unfinished. Dual-pane windows throughout. Optional club membership offering access to pools, hot tubs, activities, entertainment, and social events. Property is being sold as a short sale/preforclosure.

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 $0. 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 feet1,372
Property typeSingle Family
MLS #7066788
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)
$2,169/mo
Source est. payment (PITI)
$2,395/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.