Under Construction. THIS HOME QUALIFIES FOR A LOW INTEREST RATE BUYDOWN WHEN BUYER CLOSES WITH A SELLER APPROVED LENDER AND SIGNS A CONTRACT BY 5PM ON 1/18/2025.
Brand new CONCRETE BLOCK home under construction! Estimated completion is approx March/April pending any setbacks beyond the builders control. This cute 3 bedroom, 2 bath home is located in the established beautiful Hidden Lake community with large lots and VERY LOW HOA fees! Close to shopping and restaurants. Just a short drive to the Florida Greenway and Rainbow River! Many great features in this home include a very open floor plan great for entertaining, TILE ALL AREAS except bedrooms (bedrooms and closets have carpet), stainless appliance pkg, walk in tile shower and linen closet in master bath, tray ceiling w/crown in master bedroom, covered rear porch, sprinkler system and much more! TAEXX pest control system built in home. Builder warranty! Builder helps with closing costs when Buyer pays cash or closes with a Seller approved lender. Prices /Promotions are subject to change without notice. Pictures are of similar home for illustrative purposes only. Colors and features will vary!
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Our Executive Mortgage Banker:
Our Insurance Division:
$341,050
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 | $272,840 | $272,840 | $272,840 |
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 | $31 | $31 | $31 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,792 | $1,792 | $2,284 |
Total Monthly Payment | $1,897 | $1,897 | $2,389 |
* 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.