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Presented by
Hoffman Korff Group |
This beautiful & tranquil 10. 67 acre lot is located in a beautiful rural gated community called Sherman Wood Ranches. Requirements for building a Single-family home is a minimum of 2, 000 sq ft under air, an option to have a guest house/ in law suite up to 50% of the primary house. Build a barn, store a boat and or RV, have horses or cattle and so much more. This quiet deeded community has designated 5 miles of horse trails, paved roads, underground utilities and is located within 10 minutes from downtown Okeechobee, close to Lake Okeechobee fishing, 30 min from I-95 & the Florida Turnpike, Minutes from the County Agri Civic center and Fair grounds. Come see this tranquil hidden gem! Call listing agent to see.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
Sales Associates
William Raveis Real Estate
Phone: 231.239.3380
HoffmanKorffGroup@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $260,000 | $260,000 | $260,000 |
| 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 | $1,476 | $1,557 | $2,090 |
| Total Monthly Payment | $1,551 | $1,632 | $2,165 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.