Properties / 6249 E EVERGREEN Street
VA ASSUMABLERate: 3.6%

6249 E EVERGREEN Street

$394,000
Mesa, AZ 85205
2 beds2 baths1,556 sqftSingle Family
The assumable advantage
3.6%
VA assumed rate
$57,902 interest already paid off
Estimated Loan Balance$92,452
Cash to close$302,579
Est. Monthly PITI$861
Initial Loan Amount$136,356
Time on site50 days
Remaining Term16 years, 2 months
Seller's equity (what you pay)
$301,548
Cash or secondary financing
Monthly savings
$1,695
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

This well loved & maintained home on city sewer, has been updated & is ready for immediate move in!! Front yard landscaping is attractive & low maintenance. Beautiful RV & walk gates lead to an oversized back yard w/multiple trees & a nice shed. Enter the front door to wide open living! Recently painted, new base board & crown molding on the ceilings. Kitchen w/pleasing layout has been renovated w/ new cabinetry, upgraded electric & plumbing Both baths have been updated as well as the bedrooms. The enclosed, permitted AZ room is perfect as a second TV room, craft area or even could be used for overflow sleeping space. The enclosed 2 car garage area is painted w/cabinets and is accessible to the large laundry room. Near shopping, transportation,outdoor and cultural activities.

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 $301,548. 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 feet1,556
Property typeSingle Family
MLS #7034624
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)
$629/mo
Source est. payment (PITI)
$861/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$301,548

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

$0$301,548
Additional funds needed$0

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