Under contract-accepting backup offers. Calling all investors? Here's a chance to purchase this recently damaged. Mobile home in highly sought after Windmill Village. This is one of the older homes in the community built in 1974. It suffered flooding from hurricane. Helene and Hurricane Milton. Potential buyers must do your own due diligence as to whether this is repairable or whether it is not to your own satisfaction. This unit is sold as is where is. Just like it sits with no repairs. Buyer(s) is responsible for removing all contents that exist in the home. Do the fact that the home was flooded. And there's evidence of mold. You must sign a whole harmless disclosure before you are allowed to enter the home. No exceptions. In addition to the purchase price, the successful buyer must purchase a share/bond from Windmill Village. The amount is $18, 285. This is mandatory. Once you sell, you get the share/bond back. This is a 55 plus community.
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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 | $47,920 | $47,920 | $47,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $56 | $56 | $56 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $319 | $318 | $411 |
Total Monthly Payment | $450 | $449 | $542 |
* 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.