Properties / 1904 N LEBARON Street
VA ASSUMABLERate: 3.89%

1904 N LEBARON Street

$399,999
Mesa, AZ 85201
4 beds2 baths1,328 sqftSingle Family
The assumable advantage
3.89%
VA assumed rate
$70,026 interest already paid off
Estimated Loan Balance$378,768
Cash to close$24,772
Est. Monthly PITI$2,156
Initial Loan Amount$410,000
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$21,231
Cash or secondary financing
Monthly savings
$406
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

This beautifully renovated 4-bedroom, 1.5-bath home offers the perfect blend of comfort and style in the heart of Mesa, Arizona. Featuring modern finishes throughout, a bright and open layout, and a stunning backyard with a sparkling pool, it's ideal for both relaxing and entertaining. Conveniently located with quick access to the Loop 202, you're just minutes from the vibrant dining, shopping, and nightlife of downtown Tempe and Chandler.

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 $21,231. 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
Bathrooms2
Square feet1,328
Property typeSingle Family
MLS #7005527
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)
$1,953/mo
Source est. payment (PITI)
$2,156/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$21,231

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

$0$21,231
Additional funds needed$0

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