New house under construction about halfway down, take look at it, house has many favorable things. This 4 bedrooms three bathroom home is in the best Reidville elementary school district, convenience in a ONE LEVEL plus huge tall wall crow space, the house has on a wide road frontage 1. 1 acre lot with large creek in back, in the old neighborhood with NO HOA and ample space for outdoor activities and gardening enthusiasts. With 3 bedrooms and 2 bathrooms on main floor. 4th bedroom and full bathroom upstairs. The open floor living space is adorned with durable Luxury Vinyl Plank LVP The kitchen will have granite countertops, a covered porch enjoying the fresh air outside. Mature trees sloping down to big running creek landscape. Big 2 car garage has more space for your tools and equipment. The driveway is generally sloping down to the garage, you will notice the house is set up high above the ground so you don’t have problems parking unlike other houses are built too low from the street. The extra cost of high foundation also gives high crow space for storage and possibly basement expansion. Just a 15 minute drive to the FIVE FORKS area, 5 minutes to Michelin Tires and 10 minutes to I-85 and BMW plant and Woodruff downtown where they are building BMW batteries plant
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.802% | 5.990% |
Monthly Tax Payment | $35 | $35 | $35 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,231 | $2,202 | $2,856 |
Total Monthly Payment | $2,341 | $2,312 | $2,966 |
* 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.