Properties / 562 E HACKAMORE Street
VA ASSUMABLERate: 2.84%

562 E HACKAMORE Street

$549,900
Mesa, AZ 85203
4 beds2 baths1,950 sqftSingle Family
The assumable advantage
2.84%
VA assumed rate
$43,745 interest already paid off
Estimated Loan Balance$297,419
Cash to close$254,475
Est. Monthly PITI$1,667
Initial Loan Amount$331,002
Time on site50 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$252,481
Cash or secondary financing
Monthly savings
$1,864
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Are you looking for a well maintained home to put your personnel touch on. If so look no further, Roof replaced 2023, A/C 2024, pool pump 2024, pool filter 2021, hot water heater 2026. This Custom Home is located in the highly desirable High Meadows Community with No HOA. The home sits on a large corner lot with a pool, RV gate and plenty of room for your toys. This property is eligible for an ADU (accessory dwelling unit) Documents supplied by the City of Mesa for ADU, set back and building requirements are provided upon request. Short distance to Cubs park, close to shopping at Mesa Riverview, Tempe Marketplace, Tempe Town Lake, Downtown Mesa and excellent freeway access to the rest of the Valley.

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 $252,481. 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 feet1,950
Property typeSingle Family
MLS #7038231
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)
$1,379/mo
Source est. payment (PITI)
$1,667/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$252,481

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

$0$252,481
Additional funds needed$0

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