AS-IS-freshly painted-about 1000 sqft-OWNER FINANCING AVAILABLE starting at 6% (current 30 year mortgage rates are over 7%). No banks required. Call Agent for realty access… Contact Seller for Owner Financing. The larger the down payment the lower the rate. Monthly payment to Seller can be under $1500 --------------------- NOTE to HomeBuyers? Problems documenting Income? Credit challenged? Did you know NO BANKS NEEDED to buy a home? See details below. Foreign Buyers & Buyer agents welcome. --------------- 1-(First-time) Home buyers, do you know the highest price you can pay for home? Usually your highest price home you can afford will depend on YOUR DOWN PAYMENT amount and the amount you can pay monthly towards your housing payment (PITIA). A loan officer may also limit your projected MONTHLY HOUSING AMOUNT to a percentage of your income. --- Tip-if you have a smaller down payment, consider Down Payment Assistance Programs (DPAPs which also includes forgivable grants), many require taking a 1 day class. Many Loan Officers know of some DPAPs, you can also search the internet particularly in the city/county that you are considering buying a home. There are different DPAPs depending on the county / city. Some DPAPs are available only to law enforcement or 1st responder or other occupations and are sponsored by a city / county to encourage this occupations to live in certain areas. Rural/non-urban places also have DPAPs. Tip-if you are credit challenged seek ALTERNATE CREDIT documentation programs. ------ Many loan officers only offer a few alt-doc loans, you may also seek a different loan officer that offer FHA loans or Rural loans. ---------------- Tip-if you are NOT a w-2 employee you may want to seek ALTERNATE INCOME documentation loans. Many loan officers only offer a few alt-income doc loans, others FHA/Rural loans. Some seek different loan officers for their situation. -------------------------------------- 2-Home Buyers, DID YOU KNOW YOU CAN BUY A HOME WITHOUT A BANK? Tip-if you are credit challenged OR if you have harder to document income, a bank/institutional lender may still likely approve you for a loan so long as you have larger down payment of 20-30% of your retail price. THERE ARE HOMES YOU CAN BUY WITHOUT BANK if you have a larger down payment. Foreign Buyers usually have a down payment of at least a 30%. And there are Homes that can be purchased with down payment of AT LEAST 30% of the price and the seller will finance the rest. NO BANK REQUIRED. BUYER REALTY AGENTS welcome. Foreign Buyers welcome (who usually minimally put 30% down payment). NO BANKS REQUIRED. ------------------ NOTE: (First Time) home buyers, once a seller agrees to sell you a home. You will need: (the Realty Agent will usually do, if you are using an agent) i-a written sales agreement [that will specify a good-faith/earnest money deposit to reserve home for you while the paperwork/deed is drafted to be signed on a certain date (the closing date)] ii-to deposit the earnest money with an attorney/title company; and then iii-on closing date to sign all deed paperwork with the title closing company. ------------------------ New Planet Fitness about 4 walkable blocks away on corner of Orange and Gore--Target (with groceries)/Walmart/Panera/Publix nearby near corner of Michigan and Orange. Condo laundry room conveniently on same ground floor next to mailboxes, assigned parking spot next to unit. Seller flexible sale/lease & not in hurry-ALL OFFERS WELCOME
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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 | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $245 | $245 | $245 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,730 | $1,774 | $2,247 |
Total Monthly Payment | $2,050 | $2,094 | $2,567 |
* 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.