Properties / 11322 E REMBRANDT Avenue
VA ASSUMABLERate: 5.22%

11322 E REMBRANDT Avenue

$650,000
Mesa, AZ 85212
5 beds3 baths4,119 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$110,253 interest already paid off
Estimated Loan Balance$524,802
Cash to close$126,745
Est. Monthly PITI$3,461
Initial Loan Amount$555,000
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$125,198
Cash or secondary financing
Monthly savings
$765
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

MOUNTAIN VIEWS, NO DIRECT NEIGHBOR ON ONE SIDE & OVER $100K IN UPDATES! Located across from a community park with no direct neighbor on one side, this spacious East Mesa home offers room to spread out both inside & out. The open-concept living room is filled with natural light from large windows with plantation shutters & anchored by a striking stone fireplace with wall niches. The kitchen opens seamlessly to the living area & features abundant cabinetry, a center island, stainless steel appliances, oversized walk-in pantry & eat-in dining area with its own sliding door to a private courtyard. The main level also includes a formal dining room, flexible bonus room ideal for a home office, hobby space or additional living area, plus a bedroom & full bath. Upstairs, an oversized loft is joined by three additional bedrooms & a spacious primary retreat showcasing vaulted ceilings, sitting area, private balcony with mountain views, ensuite with dual vanities, soaking tub, walk-in shower & dual walk-in closets. The backyard offers a covered patio with ceiling fan, RV gate & parking area, plus wrought-iron fencing overlooking the wash for added privacy. Additional highlights include a 3-car tandem garage with built-in cabinetry & workshop setup, leased solar & a community with parks & playgrounds, including one directly across the street. Conveniently located near Meridian Elementary School, Loop 202 access, shopping, dining, recreation & nearby hiking and biking trails.

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 $125,198. 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
Bathrooms3
Square feet4,119
Property typeSingle Family
MLS #7046395
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)
$3,068/mo
Source est. payment (PITI)
$3,461/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$125,198

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

$0$125,198
Additional funds needed$0

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