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Welcome to 2024 Hughes Avenue , a well-maintained elevator HDFC Co-op building. A commuter’s delight, this prime location is ideally situated near express buses and the 2 & 5 subway lines. Enjoy being just minutes from schools, the Bronx Zoo, the New York Botanical Garden, Fordham University, local restaurants, and shopping. Unit 3D is a beautiful 1-bedroom, 1-bath home — the perfect starter apartment for first-time buyers. Low maintenance fees and only 10% minimum down payment required Building & Purchase Details: HDFC Co-op — owner occupancy required, no investors, no subletting. Board approval and application required Debt-to-income ratio must not exceed 30% , 10% minimum down payment For showings/Viewings: Proof of funds (for cash offers) or a pre-approval letter (for financing) is required, with a 48-hour notice required. Days available for showings are Wednesdays & Thursdays before 7 PM and weekends before 5 PM . For consideration, HDFC Co-op building Maximum Income Guidelines are as follows (120% AMI – 2025): 1 person: $136, 080, 2 people: $155, 520, 3 people: $174, 960, 4 people: $194, 400 This is an exceptional opportunity to own an affordable, stylish home in one of the Bronx’s most vibrant neighborhoods. Experience comfortable city living at 2024 Hughes Avenue, Unit 3D! All information provided is deemed reliable but should be independently verified by buyers and agents.
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Our Executive Mortgage Banker:
Our Insurance Division:
$100,000
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 | $80,000 | $80,000 | $80,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.292% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $448 | $486 | $648 |
| Total Monthly Payment | $523 | $561 | $723 |
* 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.