This Central Florida half acre (. 50) zoned residential and located in the golfing and fishing community of Indian Lake Estates in Lake Wales. The community features many amenities including 18-hole golf course, tennis, pickle ball, fitness center, clubhouse, boat slips, community boat ramp and is home to the largest freshwater pier in the state of Florida! Located on the shore of Walk in Water (Lake Weohyakapka) which is a 7, 500+ acre lake nationally known for its trophy fishing. In between Florida's east and west coasts, just off Hwy 60E. This is a peaceful area with Great fishing lake, natural beauty of country living. Beautiful area to build your dream home.
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
VP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Conforming*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||6.000%||6.125%||5.250%|
|Interest Rate based on Index + Margin||4.250%|
|Annual Percentage Rate||6.947%||6.260%||5.489%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$75||$75||$75|
|Initial Principal & Interest Pmt||$62||$63||$84|
|Total Monthly Payment||$137||$138||$159|
* 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.