Welcome to your new home in the highly sought-after Farmwood Village, a Premier Sun Communities neighborhood! This manufactured home features a bright and spacious living area with a cozy fireplace, perfect for relaxing on cool evenings. The dine-in kitchen offers ample storage, ideal for hosting family meals or entertaining guests. The primary bedroom is generously sized, offering comfort and privacy, while the three-season porch with electric heat provides a versatile space for unwinding or entertaining year-round. Set on a corner lot, this home is just a short walk to a grocery store and pharmacy. The community amenities include a clubhouse, an outdoor in-ground pool, a large meeting room, and a well-equipped exercise facility, enhancing your lifestyle. This home does require some cosmetic updates, making it a great opportunity to add your personal touch and build equity. Located minutes from Portsmouth, Southern Maine, and downtown Dover, this is a fantastic commuter location.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $132,000 | $132,000 | $132,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.339% | 7.017% | 6.120% |
Monthly Tax Payment | $190 | $190 | $190 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $867 | $867 | $1,105 |
Total Monthly Payment | $1,132 | $1,132 | $1,370 |
* 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.