Welcome home! This townhouse property is income regulated. Buyer cannot own another property, now or within the last 3 years. This unit must be owner occupied - no investors! The income limit system is as follows: *LOW (80%) Income Limit: 1 person/ $83, 300. 2 person/ $95, 200. 3 person/ $107, 050. 4 person/ $118, 950. 5 person/ $128, 500. 6 person/ $138, 000. 7 person/ $17, 500 All buyers will need to verify these limits upon obtaining a pre qualification letter from lender. The offer cannot exceed the set list price (max sales price=$131, 200). The buyer will be reviewed for qualification/ final acceptance through CT Housing Partners, upon acceptance of offer. This 2 bedroom, 1. 5 bath unit is tucked away, quietly and offers an array of amenities - recreational park & outdoor grilling nearby! 3 - in wall air conditioning units are included. Tankless hot water heater, electric range, washer & dryer in unit. 1 assigned parking space w/ additional visitor parking available.
Type | Level |
---|---|
Bedroom 1 | Upper |
Living Room | Main |
Primary Bedroom | Upper |
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$131,200
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $104,960 | $104,960 | $104,960 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $186 | $186 | $186 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $698 | $698 | $885 |
Total Monthly Payment | $959 | $959 | $1,146 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.