Under Construction. Are you ready to embrace the lifestyle you've always dreamed of? Look no further, as an exquisite home is currently under construction in the highly sought-after Rainbow Lakes Estates. This property brings together modern design, comfort, and a strong sense of community. Key Features: 1. Open Concept Living: This home features a thoughtfully designed open concept layout, creating an expansive and inviting atmosphere. The seamless flow from the living area to the dining space is perfect for hosting friends and family. 2. Split Bedroom Plan: Privacy and comfort are paramount in this home, thanks to the well-thought-out split bedroom plan. The master suite is discreetly separated from the other bedrooms, providing a serene retreat. 3. Warranty Included: Your investment is safeguarded with a 2-10 warranty, assuring you of quality and peace of mind for years to come. 4. Contemporary Kitchen: The kitchen is a true culinary haven, boasting a luxurious granite countertop and a stainless steel appliance package. This kitchen is not only stylish but also highly functional, making it a delightful space for preparing meals. 5. No Carpet: Say goodbye to the hassle of carpet maintenance. This home is designed with your convenience in mind, featuring no carpet, ensuring easy cleaning and a more allergen-friendly environment. 6. Covered Back Porch: A wonderful addition to this home is the included covered back porch. It provides the perfect spot to enjoy the outdoors, whether you're sipping your morning coffee, reading a book, or hosting a barbecue. 7. Community Oasis: Rainbow Lakes Estates is a vibrant and friendly community. Paved streets make for safe and enjoyable strolls, and the neighborhood's Lakes Community Center offers an array of amenities, including a library, a playground, and an outdoor exercise center. Here, you'll find everything you need for a fulfilling and active lifestyle. Seize the opportunity to own a home in the enchanting Rainbow Lakes Estates. This property seamlessly blends contemporary living with a warm and welcoming community. Don't wait - schedule a viewing today and begin imagining the life you've always wanted in this exceptional setting. This home in addition is 232 sf larger than our Apprentice 2 home. It features larger rooms, and inside laundry.
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Our Executive Mortgage Banker:
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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 | $188,000 | $188,000 | $188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $16 | $16 | $16 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,298 | $1,267 | $1,599 |
Total Monthly Payment | $1,389 | $1,358 | $1,690 |
* 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.