CALLING ALL Investors and First Time Home Buyers, Buy this property undervalued and make a good return on it…You will love the New Windows, Brand new ROOF in February 2024, Freshly Painted inside, All plumbing and electrical have been inspected and working great…this HOME just needs your finishing Touches in Guest Bath, Kitchen, new HVAC, new floors if you choose…. FIRST TIME HOME BUYERS, you could get an FHA 203K Loan, which will cover $30K+ in Repairs after you buy home…THIS LOAN is great for First Time Buyers wanting to buy a house that needs work…this Two Bedroom Home has Built in Bunks with Closet and Desks Under the Bed…. it truly is perfect for 2 or 3 kid household…The master bedroom is HUGE with huge walk in closet…truly fit for a king and queen. You will love the Fenced Backyard, Great Outbuilding for storage and yard tools…There is a new deck built around on of the main trees in backyard. . i just imagine watching the stars, enjoying some outdoor BBQ or just watching the kids play in backyard from this deck. The yard is almost a ½ acre so plenty of room for garden. There is a back portion of yard already fenced off if you wanted to keep dog in a separate area of backyard…THE AFTER REPAIR VALUE OF THIS HOME IS over $205, 000…that’s $50K more than asking price!
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William Raveis Real Estate
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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 | $115,467 | $115,467 | $115,467 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $66 | $66 | $66 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $788 | $767 | $982 |
Total Monthly Payment | $929 | $908 | $1,123 |
* 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.