Properties / 7355 E LOBO Avenue
VA ASSUMABLERate: 2.81%

7355 E LOBO Avenue

$445,000
Mesa, AZ 85209
3 beds2 baths1,630 sqftSingle Family
The assumable advantage
2.81%
VA assumed rate
$26,372 interest already paid off
Estimated Loan Balance$151,911
Cash to close$293,450
Est. Monthly PITI$984
Initial Loan Amount$174,295
Time on site6 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$293,089
Cash or secondary financing
Monthly savings
$1,903
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

Nestled in the highly desirable and beautifully established Superstition Springs community, this charming single-family home offers the perfect blend of comfort, style, and convenience. This home features a thoughtfully designed split floor plan that maximizes both space and privacy. The spacious, light-filled floor plan seamlessly connects the living areas, creating an ideal environment for both daily living and effortless entertaining.Enjoy the benefits of a quiet, friendly neighborhood while staying just minutes from shopping, dining, entertainment, and top-tier golf courses, with quick access to major freeways for an easy commute.

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 $293,089. 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 feet1,630
Property typeSingle Family
MLS #7076209
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)
$721/mo
Source est. payment (PITI)
$984/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$293,089

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

$0$293,089
Additional funds needed$0

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