0% down USDA loan eligible. The creative layout of this new Colour Homes 884 floor plan takes advantage of every square inch of space. As with all Colour Homes, the build quality standards remain the same with a long lasting metal roof, durable exterior siding, 2x6 studs, and spray foam insulation. Inside, the style and quality continue with modern clean lines, smooth walls and ceilings, wood soft-close cabinets, quartz countertops, LVP flooring and tile in the bathrooms. The primary bedroom easily accommodates a king bed and has a walk in closet. The second bedroom features an optional built in single bed, desk and shelving (this can be removed). Strategically placed skylights and windows throughout create natural light all day long. All homes include stainless steel kitchen appliances and ceiling fans in each room. This property is located on a quiet street with very little traffic. This is a corner lot and the widest lot of the six homes being sold. The lot is 140’ deep and has beautiful oak trees. Hastings is about 20 minutes from downtown St. Augustine and Crescent Beach. Home ownership is now in reach! Ask about the availability of 0% down USDA financing.
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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 | $192,000 | $192,000 | $192,000 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $64 | $64 | $64 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,277 | $1,276 | $1,646 |
Total Monthly Payment | $1,416 | $1,415 | $1,785 |
* 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.