Welcome Home! 3131 Rainbow Lake Road is a 3 bed/2 bath move in ready home on just over a half-acre lot just minutes from Lake Bowen. This open concept floor plan features a spacious Great Room with ambient ceiling lighting that opens to the kitchen complete with granite countertops, tile backsplash, island with seating and a full appliance package. From here you an access to the covered back porch, patio, hot tub, and wide-open backyard! The primary bedroom features a trey ceiling with ambient lighting, walk in closet and attached bath with oversized shower. On the opposite side of the home are two additional bedrooms that share a hall bath with a tub/shower combo. The outside living space offers ample room to add a pool or workshop as well as space to park your boat! Just 30 minutes from downtown Spartanburg and close to major highways, this home has the layout you want and the location you’ve been looking for! Let’s get you moved in and get that boat out on the lake!
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Our Executive Mortgage Banker:
Our Insurance Division:
$264,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $211,999 | $211,999 | $211,999 |
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 | $67 | $67 | $67 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,288 | $1,288 | $1,675 |
Total Monthly Payment | $1,430 | $1,430 | $1,817 |
* 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.