This is the right hand unit of a duplex on the corner of Pierce St and Lilac drive. It is 1, 260 square feet of living area (1, 900 total). The duplex has 2 bedrooms, 1. 5 baths and a 1 car garage. It was originally constructed in 2007 and has had the following updates: New floors and carpet (1 year old) (except for tile) New Cabinets and countertops (1 year old) New tub surround and bathroom vanities (1 year old) New hot water tank (1 year old) Updated lighting and celling fans (1 year old) Fresh paint (1 year old) Garage door opener (1 year old) New stove and refrigerator (Never used) This unit is serviced by town water, sewar and natural gas. The units is being sold as affordable housing, restricted to buyers at or below 100% AMI. The unit is on leased land (99 years) owned by Habitat for Humanity and a monthly fee of $30 will be charged to the buyer. The buyer is also responsible for all associated taxes including those on leased land. The unit is being sold as a single-family attached unit, of the improvement only, with a party wall agreement. The unit must be used as a primary residence and cannot be rented out. Income of initial sale and all resales must be certified by Habitat for Humanity.
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William Raveis Mortgage, LLC
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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 | $180,000 | $180,000 | $180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $101 | $101 | $101 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,213 | $1,196 | $1,518 |
Total Monthly Payment | $1,389 | $1,372 | $1,694 |
* 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.