'' For the first 30 day period listing this property, the seller will only accept offers from Owner-Occupant Buyers, governmental entities, including their instrumentalities, and Nonprofit Organizations. '' Great opportunity to buy a concrete block home. Updated windows. Has a large utility room for storage. Large concrete drive for extra cars and a nice carport. Bathroom is in decent shape too. Rents should be about $1300 a month for the area. Has central heat and a 200 amp electrical panel. **AGENTS & WHOLESALES** We will not look at offers until you have physically been inside the home (nothing wrong but too many of you back out when making offers sight unseen. Please do your due diligence up front. Power has been off for more than 1 year. Seller will not turn power on. Once under contract you can have 7 days to turn utilities on at your expense to see if you wish to proceed. Appears to be a solid house. Inspect and submit an offer.
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Contact@raveis.com
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 | $78,000 | $78,000 | $78,000 |
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 | $116 | $116 | $116 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $519 | $518 | $658 |
Total Monthly Payment | $710 | $709 | $849 |
* 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.