Properties / 2065 E 3RD Drive
VA ASSUMABLERate: 5.22%

2065 E 3RD Drive

$359,000
Mesa, AZ 85204
3 beds2 baths1,199 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$80,273 interest already paid off
Estimated Loan Balance$382,098
Cash to close$0
Est. Monthly PITI$2,434
Initial Loan Amount$404,085
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Move-in ready home with NO HOA, an attached 2-car garage, and a low-maintenance backyard designed for easy living. Enjoy outdoor entertaining under the covered patio surrounded by custom pavers and a large storage shed for added functionality. Inside, the spacious living area features built-in shelving with stacked stone accents, creating a warm focal point. The kitchen offers granite countertops, an oversized island with pendant lighting, and ample workspace. A generous laundry room provides additional storage options. Both bathrooms have been updated with oversized walk-in tile showers, and ceiling fans throughout enhance comfort year-round. Conveniently located with quick access to freeways, shopping, dining, and everyday amenities.

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 $0. 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 feet1,199
Property typeSingle Family
MLS #7041609
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)
$2,237/mo
Source est. payment (PITI)
$2,434/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.