Properties / 845 S VALENCIA
VA ASSUMABLERate: 6.96%

845 S VALENCIA

$370,000
Mesa, AZ 85202
3 beds2 baths1,691 sqftSingle Family
The assumable advantage
6.96%
VA assumed rate
$67,633 interest already paid off
Estimated Loan Balance$318,817
Cash to close$51,183
Est. Monthly PITI$2,436
Initial Loan Amount$329,000
Time on site6 days
Remaining Term27 years, 1 month
Seller's equity (what you pay)
$51,183
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 and packed with major updates! This 3-bedroom, 2-bath Mesa home offers 1,691 sq. ft. of comfortable living space on a spacious corner lot with NO HOA. Enjoy added peace of mind with a new roof (2023), complete plumbing replacement (2022), upgraded electrical panel (2023), new HVAC (2023), and energy-efficient dual-pane windows. The functional single-level floor plan includes an attached 2-car garage, while the generous backyard with grass offers plenty of room for entertaining, gardening, pets, or creating your ideal outdoor retreat. With major systems already updated and no HOA restrictions, this well-maintained home is ready for its next owner!

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 $51,183. 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 feet1,691
Property typeSingle Family
MLS #7076325
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)
$2,182/mo
Source est. payment (PITI)
$2,436/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$51,183

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

$0$51,183
Additional funds needed$0

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