Plagued by no inventory, your next project house is here! The 876 sq' house is 100% new build and many of the new materials to complete the build are available. You know about the limited inventory and so this property is in high demand. Ideal for rental, for loved one or for downsizing. This property is not for everyone as it will require a general contractor skilled at completing the build to the very end. Possible finance options are renovation financing or new construction. The land is a full 1 1/2 acres and included are a detached 2 bay garage and a large shed that are both in need of restoration and improvement but usable. The large open yard was recently cleared but needs some landscaping to be completed. Superior neighborhood with modest homes and located on a dead end street for peace & quiet. Come see all that this unique offering has for you before it is gone. We have recommendations on how to purchase and finish the build!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $81,600 | $81,600 | $81,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $139 | $139 | $139 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $557 | $542 | $688 |
Total Monthly Payment | $771 | $756 | $902 |
* 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.