Properties / 6465 E PRESTON Street
VA ASSUMABLERate: 2.98%

6465 E PRESTON Street

$637,400
Mesa, AZ 85215
4 beds2 baths2,080 sqftSingle Family
The assumable advantage
2.98%
VA assumed rate
$47,402 interest already paid off
Estimated Loan Balance$295,380
Cash to close$342,678
Est. Monthly PITI$1,748
Initial Loan Amount$330,876
Time on site45 days
Remaining Term25 years
Seller's equity (what you pay)
$342,020
Cash or secondary financing
Monthly savings
$2,361
Versus today's market rate
Est. savings per year
$28K
Versus today's market rate

About this home

Welcome to 6465 E. Preston Street, a beautifully maintained home nestled in one of northeast Mesa's most desirable neighborhoods. This inviting residence offers a thoughtful floor plan with comfortable living spaces, abundant natural light, and a seamless blend of style and functionality. The spacious kitchen opens to the main living area, creating the perfect setting for everyday living and effortless entertaining. Generous bedrooms provide comfort and privacy, while the primary suite offers a relaxing retreat. Step outside to enjoy the private backyard--ideal for morning coffee, weekend barbecues, or simply unwinding in Arizona's beautiful weather. Whether you're hosting family and friends or enjoying a quiet evening at home, this outdoor space is designed to be enjoyed year-round.

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 $342,020. 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 feet2,080
Property typeSingle Family
MLS #7055063
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)
$1,398/mo
Source est. payment (PITI)
$1,748/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$342,020

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

$0$342,020
Additional funds needed$0

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