Properties / 5622 E FAIRFIELD Street
VA ASSUMABLERate: 3.45%

5622 E FAIRFIELD Street

$500,000
Mesa, AZ 85205
4 beds2 baths1,757 sqftSingle Family
The assumable advantage
3.45%
VA assumed rate
$30,304 interest already paid off
Estimated Loan Balance$117,673
Cash to close$382,327
Est. Monthly PITI$1,217
Initial Loan Amount$155,293
Time on site21 days
Remaining Term13 years, 8 months
Seller's equity (what you pay)
$382,327
Cash or secondary financing
Monthly savings
$2,048
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Nestled in the desirable Alta Mesa Silverado community of Mesa, Arizona, this inviting 4-bedroom, 1.75-bathroom home offers the perfect blend of comfort, and everyday convenience. Whether you're a growing family or looking for extra space to spread out, this home delivers. With four comfortable bedrooms, there's plenty of room for family, guests, a home office, or hobby space to fit your lifestyle. The layout offers flexibility for however you choose to live. Also newer HVAC unit 2020 and great size pool to enjoy a swim in. Beyond the front door, you'll enjoy all that Alta Mesa Silverado has to offer -- a well-established Mesa neighborhood known for its friendly atmosphere and convenient access to shopping, dining, schools, and major roadways, making commutes and errands a breeze.

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 $382,327. 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

Bedrooms4
Bathrooms2
Square feet1,757
Property typeSingle Family
MLS #7069277
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)
$901/mo
Source est. payment (PITI)
$1,217/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$382,327

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

$0$382,327
Additional funds needed$0

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