Properties / 3345 E UNIVERSITY Drive
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VA ASSUMABLERate: 6.85%

3345 E UNIVERSITY Drive

$270,000
Mesa, AZ 85213
2 beds2 baths1,051 sqftSingle Family
The assumable advantage
6.85%
VA assumed rate
$26,212 interest already paid off
Estimated Loan Balance$268,164
Cash to close$1,586
Est. Monthly PITI$2,018
Initial Loan Amount$272,000
Time on site0 days
Remaining Term28 years, 8 months
Seller's equity (what you pay)
$1,836
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

*** SHORT SALE***Welcome to this charming 2-bedroom, 2-bathroom home in the desirable 55+ community of Las Alegres in Mesa. This well-designed single-level residence offers approximately 1,051 sq. ft. of comfortable living space with an inviting floor plan and easy indoor-outdoor living. Enjoy the convenience of a private patio, an attached 2-car garage, and a low-maintenance lifestyle in this established East Mesa community. Las Alegres offers residents access to a clubhouse, heated community pool and spa, and additional recreational amenities. Ideally located near shopping, dining, medical services, parks, and major East Valley transportation routes, this home provides both convenience and a relaxed community atmosphere. A wonderful opportunity for anyone looking for comfortable,

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 $1,836. 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

Bedrooms2
Bathrooms2
Square feet1,051
Property typeSingle Family
MLS #7079164
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)
$1,782/mo
Source est. payment (PITI)
$2,018/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$1,836

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

$0$1,836
Additional funds needed$0

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