Properties / 453 E CRESCENT Avenue
VA ASSUMABLERate: 6.54%

453 E CRESCENT Avenue

$330,000
Mesa, AZ 85204
3 beds2 baths1,876 sqftSingle Family
The assumable advantage
6.54%
VA assumed rate
$56,907 interest already paid off
Estimated Loan Balance$263,307
Cash to close$67,585
Est. Monthly PITI$1,942
Initial Loan Amount$272,712
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$66,693
Cash or secondary financing
Monthly savings
$207
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This charming BASEMENT home offers the freedom of No HOA living at a price point that is becoming increasingly difficult to find. Ideally located close to shopping, dining, schools, churches, and everyday conveniences, this property combines value, flexibility, and potential. The basement creates the perfect space for a home office, game room, media retreat, guest quarters, or work from home setup, giving you room to grow and adapt to your lifestyle. Step outside to discover a versatile backyard workshop that is a blank canvas ready for your hobbies, business needs, storage, or creative projects. Whether you are a first-time buyer searching for an affordable home, an entrepreneur needing extra workspace, or looking for a property with endless possibilities, this home delivers.

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 $66,693. 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

Bedrooms3
Bathrooms2
Square feet1,876
Property typeSingle Family
MLS #7046318
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)
$1,739/mo
Source est. payment (PITI)
$1,942/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$66,693

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

$0$66,693
Additional funds needed$0

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