Properties / 8710 E HOBART Street
VA ASSUMABLERate: 5.11%

8710 E HOBART Street

$640,000
Mesa, AZ 85207
3 beds2 baths2,080 sqftSingle Family
The assumable advantage
5.11%
VA assumed rate
$116,409 interest already paid off
Estimated Loan Balance$518,077
Cash to close$122,725
Est. Monthly PITI$3,406
Initial Loan Amount$553,500
Time on site10 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$121,923
Cash or secondary financing
Monthly savings
$756
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Stunning mountain views, resort style backyard, and a prime Mesa location! Discover elevated Arizona living in this beautifully appointed 3 bedroom, 2 bathroom home nestled in a highly sought-after neighborhood. Designed for both everyday comfort and functionality, this home offers a versatile floor plan with exceptional indoor-outdoor living. The spacious open flex area provides endless possibilities as a second living room, gym, game room, or teen retreat, while the dedicated office creates a refined work from home space. A tandem garage offers valuable additional room for vehicles, recreational toys, or storage. Outside, your private backyard oasis takes center stage. Enjoy breathtaking mountain views from the sparkling pool and spa. Gather with friends and family around the impressive outdoor kitchen. Whether you're hosting under the stars, enjoying a quiet morning by the pool, or simply taking in the scenery, this backyard delivers the ultimate Arizona lifestyle. An RV gate adds convenience and flexibility, while the home's location just minutes from the 202 Freeway provides easy access to shopping, dining, entertainment, and destinations throughout the East Valley. With its coveted location, stunning views, versatile living spaces, tandem garage, and resort-inspired outdoor amenities, this exceptional Mesa home offers the perfect blend of luxury, comfort, and Arizona living. This is more than a home--it's the lifestyle you've been waiting for.

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 $121,923. 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 feet2,080
Property typeSingle Family
MLS #7074141
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)
$3,018/mo
Source est. payment (PITI)
$3,406/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$121,923

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

$0$121,923
Additional funds needed$0

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