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Experience the convenience and flexibility of seller financing with this duplex. One unit is currently rented, providing immediate income, while the other unit is ready for your personal touch. Imagine living on-site and enhancing the already updated unit by adding your own cosmetic improvements. Enjoy the added benefits of recent upgrades to the heating and water systems. This property is located on the CT transit bus line, with a bus stop just a 30-second walk away. You'll also find convenience stores and restaurants within a 3-minute walk, and easy access to highways just a 5-minute drive. This property is available without bank financing, making it a great opportunity for individuals looking to become homeowners without the restrictions of traditional lending. Our unique Homeownership Programs take into consideration more than credit scores and tax returns. We provide financing to the right buyer, even if you have bad credit or self-employed. The specifics of the purchase price, interest rate, and monthly payment will be determined based on the buyer's down payment ability. If you're already preapproved for a conventional home loan, you can still purchase this property. Don't miss out on this great opportunity - schedule your showing today!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $216,000 | $216,000 | $216,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $478 | $478 | $478 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,437 | $1,436 | $1,852 |
Total Monthly Payment | $1,990 | $1,989 | $2,405 |
* 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.