Properties / 3717 E JULEP Street
VA ASSUMABLERate: 2.88%

3717 E JULEP Street

$2,660,000
Mesa, AZ 85205
5 beds8 baths5,247 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$152,153 interest already paid off
Estimated Loan Balance$986,789
Cash to close$1,682,035
Est. Monthly PITI$5,284
Initial Loan Amount$1,099,920
Time on site50 days
Remaining Term25 years
Seller's equity (what you pay)
$1,673,211
Cash or secondary financing
Monthly savings
$11,069
Versus today's market rate
Est. savings per year
$133K
Versus today's market rate

About this home

2.25% ASSUMABLE LOAN + 10-CAR/RV GARAGE Located in the gated Estates at Mandarin Grove, an intimate community of only 11 custom homes, this corner-lot residence offers 5 ensuite bedrooms, including an attached casita with a private entrance. The home features a rare 20x50 RV garage with 16-foot ceilings, epoxy floors, air conditioning, half bath, industrial fan, and dual sinks, plus a 4-car garage with its own mini-split system. Inside, you'll find wood-look tile flooring, Wolf and Sub-Zero appliances, a large walk-in pantry, custom fireplace, upgraded sliding glass doors, and electronic shades. Radiant barriers in both the home and RV garage help improve energy efficiency and temperature control. The south-facing backyard is designed for entertaining with a pebble-finish pool, Baja sh tiered water feature, lighting, travertine, turf, built-in BBQ, and covered patio. The primary suite includes a spacious walk-in closet and spa-style shower. A rare opportunity in one of Mesa's desirable gated communities.

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 $1,673,211. 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
Bathrooms8
Square feet5,247
Property typeSingle Family
MLS #7017396
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)
$4,618/mo
Source est. payment (PITI)
$5,284/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$1,673,211

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

$0$1,673,211
Additional funds needed$0

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