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HDFC INCOME RESTRICTED 2 BD, 1BA in Park Slope! Located on a beautiful tree lined block in South Park Slope, this income restricted apartment has two spacious bedrooms, one bathroom, high ceilings and multiple light exposures. In order to qualify to purchase this apartment buyers must meet the below income restrictions. This must be a primary residence. The maximum family income must not exceed 120% of the 2024 Area Median income which is as follows: Family size 2 - $155, 520 annual income Family size 3 - $174, 960 annual income Family size 4 - $194, 400 annual income Total housing costs cannot exceed more than 30% of family income. Additionally, the purchaser MUST HAVE ONE DEPENDENT in their household. Bike storage is available in the basement, as well as laundry. This top floor unit has 10’4” ceilings throughout and southern exposures above the tree line. The kitchen has a new gas range and a pass through window. The extra spacious living room has room for a dining table and entertainment area. Hardwood floors span the apartment. The primary bedroom has room for a king size bed and furniture. The second bedroom has quiet northern exposures and fits a queen bed and desk. This neighborhood has terrific amenities! Grocery stores, restaurants, coffee shops, salons, a movie theater; so much within blocks, including beautiful Prospect Park! The F/G train is conveniently nearby. Pet friendly. Non-elevator building. Apartment is on the 4th floor.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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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 | $375,918 | $375,918 | $375,918 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.333% | 6.419% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,224 | $2,315 | $3,047 |
| Total Monthly Payment | $2,299 | $2,390 | $3,122 |
* 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.