This delightful bank-owned Colonial-style home is a gem, perfect for investors looking to flip or rent out or for those seeking a cozy, well-located property to call home. With four bedrooms, two and a half bathrooms, a lovely yard nestled on nearly a quarter of an acre, a two-car garage, a basement, and a charming deck, this home is brimming with potential. Milford is a wonderful city with so much to offer. There's no shortage of recreational fun, from its beautiful beaches and tranquil parks to various water activities like boating and fishing. When it comes to dining, you'll be spoiled for choice with the array of options available, from delightful seafood spots to cozy cafes and diverse international cuisine. Milford truly has something for everyone to enjoy! **REO Occupied - NO VIEWINGS or ACCESS of this property. Drive by only - there are no interior photos** Please DO NOT DISTURB the occupant(s). ** All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the high bidder will receive an "AS-IS" CASH-ONLY contract with no contingencies, inspections, or warranties. **
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Bedroom 3 | Upper |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Other |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $443,520 | $443,520 | $443,520 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $857 | $857 | $857 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,951 | $2,914 | $3,740 |
Total Monthly Payment | $3,900 | $3,863 | $4,689 |
* 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.