Country living at its finest! New home on an undeveloped road. Discover the allure of this soon-to-be-completed "Mercedes" model by Bakan Homes, designed with the perfect blend of affordability and comfort. This compact gem is scheduled for completion by 11/15/2024, making it an excellent opportunity for those seeking an affordable, yet stylish, homeownership experience. With 8’ ceilings in the bedrooms and vaulted ceilings in the social areas, this home welcomes you with a sense of openness and comfort. The kitchen is thoughtfully designed with gleaming quartz countertops, and stainless-steel appliances, including a dishwasher. It's a compact culinary haven. Upgraded finishes like recessed lighting and ceiling fans in the bedrooms add a touch of elegance to the space. This charming home is an ideal choice for those looking to simplify their lifestyle without sacrificing quality. With a focus on efficient use of space and affordability, it's perfect for first-time buyers, downsizers, or anyone seeking a cozy retreat to call their own. Your investment is protected with a full 1-year Builder Warranty, and an extended 2-10 Warranty provided at closing, ensuring worry-free homeownership. Pictures are of a recently completed model. Colors and finishes may vary home to home. Estimated completion dates are only an estimate and can be delayed due to unforeseen circumstances.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$224,900
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 | $179,920 | $179,920 | $179,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $5 | $5 | $5 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,243 | $1,196 | $1,517 |
Total Monthly Payment | $1,323 | $1,276 | $1,597 |
* 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.