Properties / 1943 N SHELBY
VA ASSUMABLERate: 4.22%

1943 N SHELBY

$1,450,000
Mesa, AZ 85207
6 beds7 baths5,235 sqftSingle Family
The assumable advantage
4.22%
VA assumed rate
$229,543 interest already paid off
Estimated Loan Balance$285,666
Cash to close$1,165,441
Est. Monthly PITI$2,948
Initial Loan Amount$430,706
Time on site20 days
Remaining Term15 years, 2 months
Seller's equity (what you pay)
$1,164,334
Cash or secondary financing
Monthly savings
$6,423
Versus today's market rate
Est. savings per year
$77K
Versus today's market rate

About this home

Impressive in scale and thoughtfully designed for refined living, this 5,272sf residence offers exceptional versatility within the gated, resort-style community of Mountain Bridge. Featuring 6 bedrooms, 6.5 baths, multiple living areas, PRIVATE GUEST QUARTERS and an oversized game room, the home easily accommodates guests, remote work, recreation and everyday life. The well-appointed kitchen offers STUNNING granite c-tops, rich cherry cabinetry, a substantial island, generous workspace, oversized walk-in pantry, 5-burner GAS cooktop, NEW sub-zero refrigerator and oversized pantry. The primary suite provides a peaceful escape with a HUGE SITTING AREA, private balcony, DUAL CLOSETS, soaking tub and dual vanities. All three HVAC systems are NEW. Freshly painted. Location is PERFECT Set on a 1/3ac (13,784sf) lot, the property features a large covered patio, grassy backyard, MOUNTAIN VIEWS, open space behind the home and a 4-CAR GARAGE. Mountain Bridge residents enjoy an Owners' Club, beach-entry pool, spa, fitness center, sports courts, event lawn, practice green, amphitheater and extensive trails. A remarkable home offering space, flexibility and an elevated lifestyle

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 $1,164,334. 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

Bedrooms6
Bathrooms7
Square feet5,235
Property typeSingle Family
MLS #7067088
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)
$2,128/mo
Source est. payment (PITI)
$2,948/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$1,164,334

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

$0$1,164,334
Additional funds needed$0

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