Under contract-accepting backup offers. Short Sale. Price Adjustment. Short Sale. This home has an immerse level of potential. In a very tranquil area of the neighborhood away from busy cross streets. This home features a New Air Conditioner Unit recently installed in 2022. This property is Subject to third party approval. Cash and Conventional offers Only. No Site Unseen Offers. NO CREATIVE FINANCING OFFERS. The property has a $47, 000 solar loan balance, The buyer is required to either pay the balance at closing or assume the loan with a personal guarantee. THIS HOME WILL NOT QUALIFY FOR TRADITIONAL FINANCING. FARBAR with Attached Proof of Funds will be required for submittal. This can be an excellent opportunity to get a house at a reasonable price, make decent proposal and it can be submitted upon bank approval. This property is a short sale and requires lien holder approval. The Contract will still need negotiation with the lender and is not yet approved. Please review all contract requirements before submitting contract. Buyer and buyer’s agent are responsible for verifying all information. Property sold AS-IS, without exceptions. Accepting Back up Offers
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William Raveis Real Estate
Phone: 888.699.8876
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 | $164,000 | $164,000 | $164,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $224 | $224 | $224 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,091 | $1,090 | $1,406 |
Total Monthly Payment | $1,390 | $1,389 | $1,705 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.