|
Start with a 2% LOWER interest rate! Seller will contribute up to $5, 000, to the cost to procure a 2-1 buydown for the buyer with a full price offer and the use of the seller's preferred lender, cost not to exceed 2. 5% of the buyer's loan value. A 2-1 buydown is a loan in which the first year's interest rate is 2 percentage points below the note rate for the loan. The second year's interest rate is 1 percentage point below the note rate for the loan. At the beginning of year three, the interest rate reverts to the note rate for the remainder of the loan term. Welcome to this beautifully updated brick ranch offering timeless curb appeal and thoughtful modern upgrades throughout. Step through the charming arched brick front porch into a welcoming entry with convenient coat closet. The light-filled living room features vaulted ceilings and an open flow into the dining area and kitchen, creating an inviting space perfect for both everyday living and entertaining. Just off the kitchen, you'll find the laundry room and a finished room over the one-car garage -- ideal as a home office, bonus room, gym, or guest retreat. Privately situated on the opposite side of the home, the spacious primary suite offers a walk-in closet, vanity area, and an updated bathroom with tiled shower. Down the hallway are two additional bedrooms -- including one with built-in bookshelves that makes a perfect office or flex space -- plus a full hall bath and generous storage throughout. Step outside to enjoy the large patio and fully fenced backyard, offering plenty of room for pets, play, or outdoor gatherings. This move-in ready home combines classic charm with modern convenience in a layout designed for comfort and versatility. All of this and this home is located within a quiet established neighborhood conveniently off of Old Trolley Road, and within a 10 minute drive to downtown Summerville.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$394,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $315,200 | $315,200 | $315,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,941 | $1,990 | $2,617 |
| Total Monthly Payment | $2,016 | $2,065 | $2,692 |
* 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.