Properties / 6964 E GRANDVIEW Street
VA ASSUMABLERate: 2.83%

6964 E GRANDVIEW Street

$960,000
Mesa, AZ 85207
5 beds4 baths4,430 sqftSingle Family
The assumable advantage
2.83%
VA assumed rate
$51,360 interest already paid off
Estimated Loan Balance$300,638
Cash to close$661,467
Est. Monthly PITI$1,975
Initial Loan Amount$341,570
Time on site50 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$659,362
Cash or secondary financing
Monthly savings
$4,239
Versus today's market rate
Est. savings per year
$51K
Versus today's market rate

About this home

Look no further! Desirable N/S exposure home w/basement, great curb appeal & location. Over $200K in upgrades w/ pride of ownership throughout. This well designed home features 4430 sq. ft. of living space w/two primary suites, 3 other bedrooms & 2 more bathrooms. The main primary suite was totally remodeled. The formal dining room is being utilized as an office. Impressive entry overlooks living room w/backyard views. Upgraded gourmet kitchen & granite counters w/spacious dining area. Laundry w/plenty of storage & exit to backyd.. The main floor offers an open concept layout w/ample living space. Bathrooms are conveniently located & serve the living areas effectively. The basement level, w/its 2 bedrooms & bathroom, can accommodate extended guests or provide dedicated workspace or recreation areas. The large storage/pantry room offers abundant space for supplies. New oversized insulated garage doors and openers with overhead storage. Refreshing Cal swim spa with drapes on side yard. Children's built in play area, covered patio, pavers and lounging deck. Huge paved side area with RV gates for parking and toys. Close proximity to parks, and schools as well as shopping, restaurants with freeway access to all areas of the valley. The property features quality finishes and thoughtful design to optimize the functionality and flow of the living spaces offering a compelling living experience for perspective buyers!

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 $659,362. 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

Bedrooms5
Bathrooms4
Square feet4,430
Property typeSingle Family
MLS #7040054
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)
$1,422/mo
Source est. payment (PITI)
$1,975/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$659,362

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

$0$659,362
Additional funds needed$0

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