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This home qualifies for a limited-time lender-paid 2-1 buydown— reduced monthly payments for the first 2 years at no cost to the buyer or seller.
There is no other home like this one in Rainbow Lake Estates. The builder has shared his cottage model home with RV garage. This all block home features exterior stucco and hardboard to give it a very nice exterior cottage and farmhouse style. This home sits on almost one acre of land. The front porch is perfect to relax and listen to the birds chirp in the morning. Your extra RV garage is that perfect space to hold your RV for when you aren't on a trip. If you don't have an RV no problem buyers can use this space for a gym or work space. The interior of this home has an open floorplan layout with a nice bright kitchen and butlers pantry so plenty of space to add your kitchen appliances. Just enough space for what you need the living room has a beautifully designed gas fireplace and doors going out to the large covered back patio. Each bedroom is very good size and features closet space and windows with a view. These homes come with upgraded finishes and thoughtful layouts. The builder is the winner of the Parade of Homes in Marino County. Quality construction can be seen throughout this property. Don't miss your chance to own this one of a kind home.
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Our Executive Mortgage Banker:
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$357,000
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 | $285,600 | $285,600 | $285,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | $24 | $24 | $24 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,712 | $1,782 | $2,372 |
| Total Monthly Payment | $1,811 | $1,881 | $2,471 |
* 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.