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Pre-Construction. To be built. Live in one side. Rent the other. And get up to $11, 000 in closing costs assistance. The Sandy model is a 3-bedroom, 3-bath, 2, 475 sq ft STEEL-FRAME home built with a fully integrated MIL suite. Giving you the ability to live on one side while generating rental income from the other. With Palm Bay rental rates running $1, 200–$1, 800/month for a private suite, your mortgage works for you from day one. And to make getting here even easier, the builder is contributing up to $11, 000 toward your closing costs when using builder's preferred lender. Why steel frame changes everything: With steel frame construction, the framing of the home is fire-resistant, mold-resistant, and termite-proof — three of the biggest insurance risk factors in Florida. That translates to lower homeowners insurance quotes, year after year. What you're getting inside: 1, 830 sq ft of single-story living with 9-ft ceilings, full ceramic tile floors, quartz countertops with waterfall edge, 42" upper cabinets, stainless steel appliances, walk-in pantry, and an 8-ft statement front door. Open floor plan. 2-car garage. Built-in closets in every bedroom. Your monthly costs stay low: No HOA. Well water — no monthly water bill. Septic system. Better build. When you factor in rental income from the MIL suite, your out-of-pocket carrying cost on your new home becomes remarkably manageable. Construction-to-Perm and Cash purchases accepted. 7–9 month build timeline. Contact us today before its too late!
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:
$335,900
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 | $268,720 | $268,720 | $268,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.410% | 5.595% |
| Monthly Tax Payment | $63 | $63 | $63 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,568 | $1,655 | $2,178 |
| Total Monthly Payment | $1,706 | $1,793 | $2,316 |
* 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.