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Welcome to the Soundview Park Townhouses. This is New Construction AFFORDABLE HOUSING COOPERATIVE with NO LOTTERY REQUIREMENT, with affordability incentives including no property taxes for 40 years! The modern and sleek townhouse design coupled with its quiet and convent location is nested in the Clason Point section of the Bronx across from Soundview Park and a short distance from the Soundview NYC Ferry Stop. You are surrounded by nature with quick access to Manhattan's Upper East Side. This is an ADA-accessible, pet-friendly, smoke-free community with energy-efficient stainless steel appliances including not only the standard refrigerator and stove but also a microwave, dishwasher, and an in-unit washer, and dryer. This two-bedroom unit includes three energy-efficient split systems and ample cable and electric outlets as needed in today’s modern home. Quality extras include stylish hardwood cabinetry, wood flooring, and Quartz countertops. No expense was spared. Minimum and maximum annual income limits based on family size do apply ranging from $78, 783 - $157, 500. There is an asset limit criteria as well maxing at $283, 565. The full chart and additional information is available upon request. Take advantage of this great opportunity and be the 1st to live in the beautiful property anyone would be proud to call home. This is 90% AMI unit. Cable options include Verizon and Optimum.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$235,800
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $188,640 | $188,640 | $188,640 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,071 | $1,130 | $1,504 |
| Total Monthly Payment | $1,146 | $1,205 | $1,579 |
* 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.