Charming 3 bedroom, 1 1/2 bath Townhouse is one side of a duplex with lots of upgrades. There is a fully applianced kitchen with granite counters and gas appliances on a vinyl manufactured water proof floor. Sliders off of the kitchen and dining area lead you to a 14x14 trex deck and privately fenced rear yard. This home is a part of an AFFORDABLE HOME ASSOCIATION AND IS SUBJECT TO INCOME RESTRICTIONS AND GUIDELINES WHICH ARE DETERMINED BY LOCAL GOVERNMENT. This home must be owner occupied and is not an investment property. There are incentives for first time home buyers. Renters are not allowed. All applicants must be approved by the office of community and economic development. There are also deed restrictions which your agent will find in the attachments. All buyers will have to fill out a TOWN OF FAIRFIELD OFFICE OF COMMUNITY & ECONOMIC DEVELOPMENT APPLICATION AND MEET INCOME GUIDELINES. There is a newer five year old roof, hot water heater, updated kitchen with breakfast bar and freshly painted exterior. Please note that the sale is subject to the seller finding suitable housing. (Time to do so to be determined).
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Wall/Wall Carpet | 10.0 x 13.7 | Upper |
Bedroom 2 | Wall/Wall Carpet | 9.1 x 12.0 | Upper |
Dining Room | Hardwood Floor | 8.1 x 12.0 | Main |
Full Bath | Tile Floor | 4.1 x 8.5 | Upper |
Half Bath | Tile Floor | 3.2 x 6.9 | Main |
Kitchen | Hardwood Floor | 11.4 x 12.2 | Main |
Living Room | Hardwood Floor | 11.8 x 16.9 | Main |
Primary Bedroom | Wall/Wall Carpet | 11.5 x 14.1 | Upper |
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $307,920 | $307,920 | $307,920 |
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 | $358 | $358 | $358 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,997 | $1,972 | $2,557 |
Total Monthly Payment | $2,430 | $2,405 | $2,990 |
* 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.