Properties / 2256 N MIDDLECOFF Drive
VA ASSUMABLERate: 4.28%

2256 N MIDDLECOFF Drive

$575,000
Mesa, AZ 85215
2 beds2 baths1,779 sqftSingle Family
The assumable advantage
4.28%
VA assumed rate
$81,206 interest already paid off
Estimated Loan Balance$241,982
Cash to close$333,538
Est. Monthly PITI$1,738
Initial Loan Amount$280,000
Time on site16 days
Remaining Term22 years, 9 months
Seller's equity (what you pay)
$333,018
Cash or secondary financing
Monthly savings
$2,003
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

This is the ONE! An amazing brick home in the 55+ Community of Apache Wells! Inside, you'll find an appealing open layout with vaulted ceilings, crown moulding, soothing neutral palette, & stylish vinyl plank flooring. The eat-in kitchen comes with granite counters, crisp white cabinetry, recessed lighting, stylish tile backsplash, sleek stainless steel appliances, and a center island with a breakfast bar for quick meals! The extra large main bedroom has soft carpeting, private bathroom with double sinks, & convenient walk-in closet. Enjoy majestic Red Mountain AND Golf Course views in this tranquil backyard, which offers a covered patio, & low-maintenance desert landscape front & back. New AC and newer Roof, 2 car garage with epoxy floor and lots of cabinet storage! Make this 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 $333,018. 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 feet1,779
Property typeSingle Family
MLS #7071620
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)
$1,388/mo
Source est. payment (PITI)
$1,738/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$333,018

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

$0$333,018
Additional funds needed$0

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