Properties / 6114 E ROLAND Street
VA ASSUMABLERate: 2.81%

6114 E ROLAND Street

$530,000
Mesa, AZ 85215
5 beds4 baths2,237 sqftSingle Family
The assumable advantage
2.81%
VA assumed rate
$47,961 interest already paid off
Estimated Loan Balance$296,177
Cash to close$235,883
Est. Monthly PITI$1,703
Initial Loan Amount$335,075
Time on site50 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$233,823
Cash or secondary financing
Monthly savings
$1,738
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

Stunning North/South facing Red Mountain Ranch home with mature landscaping and solar, perfect for multi-generational living with a private 5th bedroom/in-law suite featuring its own bath and outdoor access. Inside features tile floors, plantation shutters, & remodeled kitchen with white cabinets, black granite, SS appliances, and an island. The main level also includes a bedroom. Upstairs boasts two bedrooms with a beautifully remodeled guest bath, plus a massive owner's suite with wood floors, sitting area, and balcony. The entertainer's backyard features an expansive covered patio, built-in grill, cozy fireplace, and a PebbleTec pool. Perfectly located near Summit Park with easy Loop 202 access, tons of new nearby shopping, dining, and retail, and just a 6-minute drive to the Salt Ri

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 $233,823. 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 feet2,237
Property typeSingle Family
MLS #7047232
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)
$1,388/mo
Source est. payment (PITI)
$1,703/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$233,823

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

$0$233,823
Additional funds needed$0

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