Welcome to 837 Forest Park, This manufactured home is nestled in the heart of the Forest Avenue Mobile Home Park. With two bedrooms, one full bathroom and full laundry, this mobile home offers the convenience of single-level living that can be an excellent alternative to a traditional condo. Outside, you'll find a large deck that's just waiting for your personal touch perfect for entertaining, relaxing, or just soaking up the sun. Additionally, there is off-street parking available, with space for one vehicle. The Forest Park Mobile Home Community is a welcoming neighborhood that offers a great sense of community, as well as pet-friendly living, upon park approval. Please note that all prospective buyers must submit an application for approval to the park. Don't miss out on this exceptional opportunity to own a piece of Aquidneck Island real estate at an unbeatable price! Call today to schedule your private tour and start envisioning the possibilities that await at 837 Forest Park.
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Our Executive Mortgage Banker:
Our Insurance Division:
$98,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $78,400 | $78,400 | $78,400 |
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 | $107 | $107 | $107 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $522 | $521 | $672 |
Total Monthly Payment | $704 | $703 | $854 |
* 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.