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Live the peaceful, low-maintenance lifestyle at Stonegate with almost everything included in the monthly maintenance. Taxes, heat, hot water, internet, cable, pool access, grounds maintenance, and building maintenance are all covered—leaving electricity as the only separate utility. This bright first-floor one-bedroom co-op offers an easy, open floor plan with beautiful parquet floors throughout in excellent condition. The spacious living and dining area flows comfortably for everyday living, while the large bedroom features a generous walk-in closet for excellent storage. Enjoy tranquil views of green space and a charming babbling brook just outside, creating a quiet and relaxing setting within this neat, well-kept community. The building also offers a clean and convenient laundry room nearby along with an assigned storage space. Stonegate is ideally located close to shopping, dining, and everyday conveniences, with easy access to the Metro-North train station for commuting and the vibrant downtown Peekskill waterfront with its restaurants, entertainment, and parks. Co-op requirements: Board approval required. Minimum Experian credit score of 775 and 20% down payment at contract signing. Income requirements (no exceptions): Cash buyer income must be greater than $38, 000 for each applicant. If obtaining a mortgage, income must be greater than $55, 000 for each resident. Buyer must have $15, 000 in liquid reserves after closing and a debt-to-income ratio not to exceed 30%.
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:
Our Insurance Division:
$125,000
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 | $100,000 | $100,000 | $100,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.500% | 5.691% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $592 | $624 | $817 |
| Total Monthly Payment | $667 | $699 | $892 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.