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Motivated was last week, come with the right number and we have a deal. This is a no brainer, yes the property needs some work, but with the right hands and materials this home could be something special. Theres a ton of empty lots, everyone and their mother is trying to get their hands on something affordable in southwest Florida and this home is it. You're not too far away from Miami and you're minutes away from the best beaches in Florida, from Sarasota, all the way down to Naples/Ft Myers. Lehigh and the surrounding neighborhoods are growing rapidly with an increase of 2. 3 -2. 4% per year and is on track for 136k+ of residents in this year alone. Lee Health is the largest employer in the entire 5 county Southwest Florida region with 14-17k employees. They're in major expansion mode because of the population surge. Health-grades ranks this area as #1 in Florida for cranial neurosurgery, as well as in the top 1% nationally for pulmonary care (7 years running). Coming in 2028 the community is getting a $824 Million Fort Myers Campus, plus other facilities. This literally translates to thousands of new clinical, nursing, admin, and support jobs coming online. Whether you're a first time home buyer, seasoned investor, savvy creative REI Pro, this home has something for you. All monetary options available form FHA, VA, or conventional. No assignment of contract permitted, will entertain subject-to or a hyrbid seller finance/creative finance ie. Morby method etc. Needs to be able to close in 30 days or less preferably within 14 days or less.
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Our Executive Mortgage Banker:
Our Insurance Division:
$199,899
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 | $159,919 | $159,919 | $159,919 |
| 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 | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $347 | $347 | $347 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $946 | $985 | $1,296 |
| Total Monthly Payment | $1,367 | $1,406 | $1,717 |
* 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.