Properties / 1001 N PASADENA
VA ASSUMABLERate: 6.66%

1001 N PASADENA

$280,000
Mesa, AZ 85201
2 beds2 baths889 sqftSingle Family
The assumable advantage
6.66%
VA assumed rate
$69,691 interest already paid off
Estimated Loan Balance$272,909
Cash to close$7,091
Est. Monthly PITI$2,040
Initial Loan Amount$285,000
Time on site22 days
Remaining Term26 years, 4 months
Seller's equity (what you pay)
$7,091
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

Updated, move-in ready, and right in the middle of everything! This 2-bedroom, 2-bath Mesa townhome offers a bright, open layout with vaulted ceilings and plenty of natural light. The spacious kitchen provides ample cabinet and counter space and opens comfortably to the main living area. A split bedroom layout adds privacy, while the primary suite features a walk-in closet and private bath. Enjoy your own private balcony, attached garage, in-unit laundry, and access to the community pool. Conveniently located near Riverview, Tempe Marketplace, Downtown Mesa, and Loop 202, with shopping, dining, entertainment, and outdoor recreation all just minutes away. A great option for anyone looking for low-maintenance living in a central Mesa location!

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 $7,091. 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 feet889
Property typeSingle Family
MLS #7068862
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)
$1,834/mo
Source est. payment (PITI)
$2,040/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$7,091

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

$0$7,091
Additional funds needed$0

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