Properties / 2205 S HARPER
VA ASSUMABLERate: 2.71%

2205 S HARPER

$424,444
Mesa, AZ 85209
3 beds2 baths1,273 sqftSingle Family
The assumable advantage
2.71%
VA assumed rate
$43,097 interest already paid off
Estimated Loan Balance$257,756
Cash to close$167,926
Est. Monthly PITI$1,450
Initial Loan Amount$295,647
Time on site38 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$166,688
Cash or secondary financing
Monthly savings
$1,294
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

PAID OFF SOLAR!!! You'll LOVE this charming home with POOL & brand new pool pump in the gated Augusta Ranch! A/C is newer too!!! Sits on a cul-de-sac, it offers 3 beds, 2 baths & a 2-car garage. The inviting interior features vaulted ceilings, tons of natural light, a neutral palette w/ new interior paint, new carpet and tile & wood-look flooring in all the right places. Designed for everyday living & entertaining, the seamlessly flowing open layout is sure to impress! The kitchen boasts built-in appliances, quartz counters, ample wood cabinets, track lighting, and a 2-tier island w/breakfast bar. The main bedroom has sliding doors to the back and an ensuite with dual sinks. Check out the private backyard, where you can relax or have a fun gathering! Move-in ready

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 $166,688. 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 feet1,273
Property typeSingle Family
MLS #7062132
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)
$1,209/mo
Source est. payment (PITI)
$1,450/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$166,688

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

$0$166,688
Additional funds needed$0

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