BACK ON MARKET! Three Bedroom, Two Bath HUD Home Being Sold ''AS IS'' by electronic bid only. This Ranch Style Consists Of Seven Rooms Plus Laundry Area, Fireplace, Central Air, Large Storage Shed And More. Bids Are Open 10/9/2024 And Due Daily Until Sold. FHA Case#374-464192 Is (IN) Insured (With Escrow) And Eligible For FHA 203K Financing. Finished Sq Ft Is Per FHA Appraiser***House Sits At The Top Of The Hill On A Shared Driveway With Another Home***To Bid On This Property, Contact Your Preferred Agent Who Must Be Registered With HUD By Having A NAID# In Order To Place The Bid. Which Is Open To ALL, Including Investors. Agents, For Additional Information, Please See Other Remarks. NOTE: The driveway is tucked away off Route 9W; you cannot turn into the driveway coming south on 9W. . . . . only northbound.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $205,200 | $205,200 | $205,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $454 | $454 | $454 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,365 | $1,364 | $1,730 |
Total Monthly Payment | $1,894 | $1,893 | $2,259 |
* 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.