Properties / 7623 E FRITO Avenue
VA ASSUMABLERate: 6.5%

7623 E FRITO Avenue

$310,000
Mesa, AZ 85208
2 beds2 baths1,456 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$17,171 interest already paid off
Estimated Loan Balance$242,490
Cash to close$67,857
Est. Monthly PITI$1,852
Initial Loan Amount$245,854
Time on site42 days
Remaining Term24 years
Seller's equity (what you pay)
$67,510
Cash or secondary financing
Monthly savings
$163
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome home to your Mesa sanctuary! This manufactured home features 2 bedrooms, 2 bathrooms, and 1,456 sq ft of smartly designed living space, this home greets you with soaring vaulted ceilings and an airy layout. The heart of the home is a gorgeous kitchen complete with sleek modern cabinets and a classic farmhouse sink. Outside, low-maintenance drought-tolerant landscaping surrounds your private yard, featuring a storage shed and a dedicated workshop for all your hobbies, craft projects, or DIY dreams. Keep your vehicles shaded under the spacious covered 2+ car port. Unbeatably located near the US-60, you're minutes from local dining, shopping, and everyday amenities. Cozy, functional, and full of charm!

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 $67,510. 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 feet1,456
Property typeSingle Family
MLS #7060557
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)
$1,665/mo
Source est. payment (PITI)
$1,852/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$67,510

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

$0$67,510
Additional funds needed$0

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