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4. 5% Assumable FHA with Roam!
Discover this exceptional single-family residence situated on a generous lot within the established QUAIL POINTE AT SILVER LAKE subdivision. This home features a highly desirable SPLIT FLOOR PLAN designed to provide optimal privacy between the primary suite and secondary bedrooms. Upon entry you are welcomed by an expansive OPEN LIVING AREA highlighted by soaring VAULTED CEILINGS that create an airy and bright atmosphere. The property includes a functional KITCHEN that flows seamlessly into a unique ADDITIONAL LIVING AREA which has been fully enclosed with dedicated air conditioning for year-round use. Entertain guests in the ELEGANT FORMAL DINING ROOM or enjoy the privacy of the spacious primary suite which offers a substantial WALK IN CLOSET. The primary bathroom is a true retreat featuring a walk in shower alongside a relaxing SOAKING TUB. You will appreciate the extra space provided by the secondary bedrooms which are larger than many found in nearby new construction. This well-maintained home sits on a substantial 0. 29 ACRE LOT offering plenty of outdoor space for recreation and gardening. Practical features include a 2 CAR ATTACHED GARAGE providing ample room for vehicles and storage. Ideally located this residence is only minutes from the charming dining and shopping of DOWNTOWN MOUNT DORA and Leesburg with convenient lake access nearby. This property represents a fantastic opportunity to own a versatile and spacious home in a quiet community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 |
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|---|---|---|---|
| Loan Amount | $224,000 | $224,000 | $224,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $245 | $245 | $245 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,289 | $1,361 | $1,815 |
| Total Monthly Payment | $1,609 | $1,681 | $2,135 |
* 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.