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Assumable VA LOAN with a 5. 625% interest rate!! If you are looking for land and privacy this home has it all! Situated on 1 acre in the beautiful town of Sorrento in the highly sought after Golf Cart District, this 3 bedroom 2 bath one story home is ready for a new owner. Offering an open concept the kitchen has granite counters and stainless steel appliances. The family room is large and the vaulted ceiling gives an open and airy feeling to the home. You will love the split bedroom layout for privacy. The primary suite offers a spacious room with an en-suite access to your walk in shower and garden soaking tub. Secondary rooms are well sized. The laundry room features built in shelving for extra storage. Your garage is oversized at 20x23! Enjoy your covered and screened back porch with an open deck space. The back yard is huge and plenty of room for play and pets. Roof is 2020, so no issues for insurance! You are minutes to Downtown Mount Dora, Lake Mary and for you nature lovers, Lake Dora, Wekiwa and Rock Springs! Golfers will enjoy Red Tail and Eagle Dunes Golf Clubs. The 429 connector makes commuting into Orlando and the surrounding areas a breeze, you can be at Disney or hit Downtown Orlando in no time. Enjoy the charm of a small town while being so close to everything! Seller has an assumable VA Loan, inquire with your lender on eligibility.
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@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 |
|
|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| 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 | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | $63 | $63 | $63 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,930 | $2,036 | $2,733 |
| Total Monthly Payment | $2,068 | $2,174 | $2,871 |
* 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.