This existing horse farm has 30 acres and we have neighboring property with 30 additional acres that provide Access from Enterprise Osteen Rd. The property is located and has been annexed into the City of Deltona Florida, along with the neighboring 120 acres and more.
After preliminary discussions with the City of Deltona we believe they will support a density of 2. 5 to 3 houses per acre.
The area has nice access to Orlando Florida, a nearby Sanford-Orlando Airport and several nearby parks and lakes for recreation
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RVP, 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**||7.250%||7.500%||7.375%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.955%||7.684%||7.585%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$8,950||$9,174||$12,069|
|Total Monthly Payment||$9,075||$9,299||$12,194|
* 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.