Brand NEW 3- Bedroom 2-Bath waterfront home with a 7-YEAR Warranty and built to withstand up to 150 mph winds providing insurance discounts. You own the land so No HOA or lot rent. Located on a pond in the rear and paved road in the front and no neighbor to the left. Built to Energy star rated construction and has low-E hurricane-rated insulated windows, it has a high SEER energy efficiency central air and heat system with heat pump all assisting in lower energy bills. It has a 40-gallon electric water heater. The electrical service is 200 amp. There are LED can lights and ceiling fan. The kitchen has stainless steel appliances including a range, a side-by-side refrigerator with water and ice dispenser, a dishwasher and a built-in microwave. It has a double stainless steel sink with a pull-down sprayer. There is also a kitchen island. The master bath has a shower with a built-in seat and the guest bath has a tub/shower combo. There is an inside laundry room and has washer and dryer hookups ready to go. There is decorative crown molding and chair rails, and blinds are installed throughout the house. The roof is shingle. The property has city water and a NEW state-of-the-art septic tank system. It is placed on a concrete foundation with poured concrete piers. It is brand new never lived in and ready for you to move in. This won't last long. It is eligible for most all types of financing including FHA with only 3% down or approximately $7500 down payment,
VA which is zero down or conventional and possibly even USDA.
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Our Executive Mortgage Banker:
Our Insurance Division:
$242,000
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 | $193,600 | $193,600 | $193,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $25 | $25 | $25 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,288 | $1,287 | $1,633 |
Total Monthly Payment | $1,388 | $1,387 | $1,733 |
* 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.