Set in the serene community of Orange Blossom Hills in Summerfield, Florida, this single-family lot is ideally positioned among homes valued around $300K, offering a perfect mix of suburban peace and easy access to a range of amenities. Just a quick 10-minute drive away, Spanish Springs Square in The Villages provides an array of dining, shopping, movie theaters, and year-round entertainment without the hassle of high real estate prices or restrictive HOA rules. For a tranquil retreat, Lake Weir is just minutes away, offering a stunning 5, 700-acre natural haven. This picturesque lake is perfect for boating, fishing, and water sports, with public boat ramps, a marina, and a lakeside restaurant for added convenience. Anglers will appreciate the diverse fish species, while sandy beaches invite swimmers to enjoy the Florida sun. Additionally, the nearby Ocala National Forest, a short drive from the lake, offers numerous hiking and camping opportunities. Whether you’re looking for leisurely boardwalk strolls or more challenging backpacking trails, the forest has something for everyone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$70,000
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 | $56,000 | $56,000 | $56,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $373 | $368 | $472 |
Total Monthly Payment | $448 | $443 | $547 |
* 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.