Properties / 1406 W EMERALD Avenue
VA ASSUMABLERate: 3.62%

1406 W EMERALD Avenue

$245,000
Mesa, AZ 85202
2 beds2 baths1,148 sqftSingle Family
The assumable advantage
3.62%
VA assumed rate
$41,225 interest already paid off
Estimated Loan Balance$164,405
Cash to close$82,755
Est. Monthly PITI$1,065
Initial Loan Amount$187,209
Time on site50 days
Remaining Term23 years, 6 months
Seller's equity (what you pay)
$80,595
Cash or secondary financing
Monthly savings
$578
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Ideally situated in the Mesa Coronado community, this 2-bed, 2-bath corner unit features a sought-after attached 1-car garage & an unbeatable location just steps from the pool with convenient extra parking nearby. Inside, you'll find warm bamboo flooring, a light-filled living space, & an easy, functional flow for everyday living. The kitchen seamlessly opens to a generously sized dining area, perfect for everyday meals or gathering with friends & family. The spacious primary suite offers a large closet & an oversized vanity, adding both comfort & functionality. Enjoy the convenience of an interior laundry room &a private patio, perfect for unwinding. With quick access to the 60 & 101, shopping, dining, & community amenities this home blends comfort & convenience.

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 $80,595. 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

Bedrooms2
Bathrooms2
Square feet1,148
Property typeSingle Family
MLS #7004417
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)
$867/mo
Source est. payment (PITI)
$1,065/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$80,595

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

$0$80,595
Additional funds needed$0

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