MARION OAKS a sub-division of Ocala, FL is booming with new homes under construction and land lots are moving at a good pace with easy to qualify FHA construction loans. John Travolta, Ocala's most famous resident, is known for having an airport landing built on his mega-million-dollar 3-acre property. You may not have an airport landing in your backyard, however, having a home built with an added layer of privacy provided by a county Greenspace is desirable. This is a Deed Restricted Community which is ok because it keeps up your property value.
Glorious sunsets await you at the Gulf of Mexico about a 36-mile drive by car or motorcycle. The world-renowned Palatial Equestrian Hotel built on 380 acres with seven restaurants is waking up sleepy horse country. World famous Silver Springs State Park, known for its crystal-clear waters and glass bottom boat tours and one of America's largest springs. You will find camping, hiking, dining and shopping there, so much to do in Marion Oaks, did I fail to mention horseback riding? Alot going on in Ocala, FL, buy one today.
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $38,000 | $38,000 | $38,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.282% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $256 | $256 | $328 |
Total Monthly Payment | $331 | $331 | $403 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.