180 acres MOL being sold with the intent of it being developed as subdivision with single family homes; a PDP with a CDD should cover the cost of water, sewer, infrastructure, etc. The property sits between Hernando County on the north side and goes down to Bowman Rd on the south side allowing access north to Brooksville/Spring Hill or South to Tampa!! The large majority of the property is not in a flood zone (Flood Zone X and a minor portion in A). A huge savings to the developer to not have to mitigate flood zones and not have to clear the property as the property is already cleared (being used for HAY now and is greebelted for low property taxes - this can me continued during the buyer's holding period to keep property taxes down if the buyer elects). Property is made of of 2 parcels (Bowman and Daniella Lane) Call for more details.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
VP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||6.750%||6.750%||6.625%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.479%||6.888%||6.850%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$51,888||$51,888||$70,240|
|Total Monthly Payment||$52,013||$52,013||$70,365|
* 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.