Spacious ranch home in lovely Cape Coral. Three generously sized bedrooms and a large open floor plan, ready to welcome you home. Living room and dining room are flooded with natural light and boast large windows. Split floorplan is ideal for private owner's suite. Spacious kitchen, with lots of room to entertain. Screened in lanai, overlooks level yard. This home is offered exclusively through Trio's Lease-to-Own program, no down payment required. With Trio, potential homebuyers lease a home for up to three years and use the appreciation of the house's value as a down payment when they are ready to purchase. Additionally, the house price is locked in during the lease, maintaining affordability for the consumer. During the lease, the customer goes through 24 months of financial coaching, enjoys a fixed payment the entire duration of the lease knowing that a portion of each monthly payment goes toward the purchase of the home. No down payment is required. No income limits. Amount of cash due at signing includes inception fee, home care contribution, underwriting fee, and last month's payment (not all customers will qualify for waiver). First month payment is due prior to occupancy. Program available to eligible, qualified customers with satisfactory documented credit history who meet Trio underwriting requirements. Future monthly payments may increase depending on property taxes, insurance and homeowner association rates. Final numbers are based on actual customer application and credit profile. Customer is responsible for renter's insurance and maintenance during the lease term as well as any excess wear and tear. All homes financed through Trio come standard with Trio's Home Care Program.
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Our Executive Mortgage Banker:
Our Insurance Division:
$367,500
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 | $294,000 | $294,000 | $294,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,786 | $1,786 | $2,323 |
Total Monthly Payment | $1,861 | $1,861 | $2,398 |
* 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.