Properties / 3120 S 94TH Place
VA ASSUMABLERate: 2.95%

3120 S 94TH Place

$474,500
Mesa, AZ 85212
4 beds2 baths1,953 sqftSingle Family
The assumable advantage
2.95%
VA assumed rate
$50,739 interest already paid off
Estimated Loan Balance$313,067
Cash to close$161,433
Est. Monthly PITI$1,775
Initial Loan Amount$352,453
Time on site15 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$161,433
Cash or secondary financing
Monthly savings
$1,318
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to this well-maintained 4-bedroom, 2-bath home in the desirable Mesquite Canyon community! The spacious floor plan features hard flooring throughout, vaulted ceilings, granite countertops, and a comfortable living space with plenty of natural light. The private pool creates a great backyard retreat for enjoying the Arizona lifestyle. Major updates include a new HVAC system, pool pump, and water heater, all replaced in 2024. Conveniently located near shopping, dining, parks, and major commuter routes, this home offers a great combination of comfort, functionality, and location. A great opportunity to make this Mesa home your own!

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 $161,433. 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 feet1,953
Property typeSingle Family
MLS #7072099
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,480/mo
Source est. payment (PITI)
$1,775/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$161,433

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

$0$161,433
Additional funds needed$0

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