Attention FHA Buyers! This Multi Use property in one the redevelopment zone of the city is waiting your finishing touches. Street level access is a great opportunity for a Bodega, Resturant or whatever you come up with. Retail area offers plenty of storage with delivery access near the rear as well as with 1st floor ONLY access to the basement. All with 2 Accessible restrooms. The 2nd and 3rd floors offer spacious apartments with eat-in kitchens and private rear porch to sit out on during warm summer nights.There is no reason to wait! This can be an owner occupied property that can pay for it's self. FHA interest are in the apartments only and they should pass any requirements.
435-455 State Street, Springfield, MA, 01105
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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