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Here is a fantastic opportunity to complete renovations and own a 3+ bedroom, 2 bath home on 11 acres in sought-after Meredith, NH. Located in Meredith's best kept secret, the Forestry and Conservation District, this property gives you the opportunity to have acreage, live off the beaten path, and yet still have easy access to I-93 for commuting north or south. Located in the quiet part of Meredith, yet very close to Lake Winnipesaukee and all the incredible outdoor activities of the Lakes Region. This home, originally an antique Cape, has been undergoing renovations, repair and replacement of damaged parts of the structure. The home has been taken down to the studs, and the roof raised for an enlarged 2nd and 3rd story of additional living space. Plans have been drawn up for a 3-4 bedroom, 2 bath home with first floor laundry. There is also the possibility of a 3rd floor suite. Seller has preserved original parts of the home, including framing, large hand hewn beams and fireplace mantels where possible. New roof, new windows, new door and cedar siding on the front. Located in a pastoral setting, in an area dotted with some wonderful antique homes and farms. If you are looking for a quiet life in the country and have building experience, this property is worth a look. Security cameras onsite.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $188 | $188 | $188 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,991 | $2,097 | $2,672 |
Total Monthly Payment | $2,254 | $2,360 | $2,935 |
* 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.