Properties / 1617 N REVERE Street
VA ASSUMABLERate: 3.09%

1617 N REVERE Street

$430,000
Mesa, AZ 85201
3 beds2 baths1,383 sqftSingle Family
The assumable advantage
3.09%
VA assumed rate
$30,423 interest already paid off
Estimated Loan Balance$203,538
Cash to close$226,025
Est. Monthly PITI$1,193
Initial Loan Amount$225,592
Time on site1 day
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$226,462
Cash or secondary financing
Monthly savings
$1,574
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Welcome to 1617 N Revere St in Mesa! This charming 3-bedroom, 2-bath home is truly move-in ready with a newer roof, newer AC, fresh interior paint, brand new carpet, and beautifully remodeled spaces throughout. Conveniently located near the freeway, shopping, dining, and entertainment, this home offers the perfect combination of comfort, style, and location. Don't miss your chance to make this Mesa gem yours!

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 $226,462. 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 feet1,383
Property typeSingle Family
MLS #7077639
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)
$962/mo
Source est. payment (PITI)
$1,193/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$226,462

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

$0$226,462
Additional funds needed$0

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