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Welcome to Peekskill - Affordable, 1 bedroom - 1 bath co-op at Stonegate! Spacious layout with open concept living room/dining area with crown molding, generous bedroom with a walk-in closet, kitchen with new SS appliances, there is a full updated bathroom with quartz countertop, and two additional large closets, additional storage at lower level of building. The Stonegate complex has an outdoor pool, laundry, storage, visitor parking, play ground. Common Charge includes taxes, hot water, heat, sewer, trash collection, and snow removal, 1 assigned parking space, basic cable. Conveniently located; close to shops, NY Presbyterian Hudson Valley Hospital, parks, restaurants, the arts, and Metro North on the Hudson Line with its gorgeous views along the Hudson (1 hour to Manhattan on an express train). Do you qualify? Board requirement: a minimum credit score of 775, 20% DP, with source of income requirements: $38K for cash transaction, 55K for mortgage sale and a DTI ratio not to exceed 30%. Buyer must have 15K plus in liquid savings. This unit has an additional convenient parking space the current owner pays an extra $35, owner can release if new buyer does not want. Why rent when you can own? This unit is freshly painted with new doors and trim, crown, crown molding, new appliances, kitchen faucet and plumbing, and a newer AC wall unit. Truly a move-in ready home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$130,000
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 | $104,000 | $104,000 | $104,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.522% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $591 | $623 | $836 |
| Total Monthly Payment | $666 | $698 | $911 |
* 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.