Properties / 1517 E MCLELLAN Road
VA ASSUMABLERate: 3.18%

1517 E MCLELLAN Road

$499,990
Mesa, AZ 85203
4 beds3 baths2,044 sqftSingle Family
The assumable advantage
3.18%
VA assumed rate
$61,616 interest already paid off
Estimated Loan Balance$291,018
Cash to close$208,296
Est. Monthly PITI$1,771
Initial Loan Amount$335,971
Time on site1 day
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$208,972
Cash or secondary financing
Monthly savings
$1,500
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Spacious 4-bedroom, 2.5-bath home offering 2,044 sq. ft. of stylish and functional living space! The open-concept living area features a custom wood beam that adds warmth and character. The kitchen boasts white cabinetry, white subway tile backsplash, granite countertops, and stainless steel appliances. Ceiling fans throughout. The primary suite includes a private ensuite with a beautifully tiled shower and vanity. Guest bathrooms feature custom tile finishes. Separate laundry room with built-in cabinets provides extra storage. Enjoy a large backyard with plenty of room to relax, entertain, or create your ideal outdoor space. A beautiful home with modern finishes and plenty of character!

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 $208,972. 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

Bedrooms4
Bathrooms3
Square feet2,044
Property typeSingle Family
MLS #7078498
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)
$1,449/mo
Source est. payment (PITI)
$1,771/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$208,972

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

$0$208,972
Additional funds needed$0

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