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This property qualifies for a low down payment of only 3% of the purchase price with a minimum 625 credit score, with no PMI. Price Improvement, and more. . . . With acceptable offer, seller will credit buyer, at close, $5, 000 to be used for rate buy down, down payment assistance or help with closing costs. You can literally own this condo for about the same down payment to rent a home in the area! This fresh and move in ready, single floor condo is perfect for an investor, first time home buyer, or someone looking to downsize. The unit includes two assigned parking spaces, just steps from the front door. The private, screened lanai overlooks the community swimming pool, offering a quiet respite for all day enjoyment. The interior features new appliances, to include: Range, Range Hood, Refrigerator, Washer and Dryer, all in a sophisticated and modern clean, black finish. The new washer and dryer are conviently located hidden behind new bi-fold doors in the kitchen. There are new, black out custom vertical window treatments, highlighting the sliding glass doors that lead to the lanai. The windows in the great room, the primary bedroom, and the second bedroom offer beautiful plantation shutters which provide the home complete privacy, or allow for an abundance of natural sunlight. The generously sized bedrooms offer plenty of closet space, including a walk-in closet in the Primary Bedroom, as well as an ensuite, full bathroom. Homes at this price point do not last long located in the coveted "North side of 50, in Downtown Winter Garden". The City of Winter Garden features tons of options for boutique shopping, fantastic restaurants, Florida's largest weekly farmers market, museums, and year-round events that draw thousands of visitors annually. A commuters dream, with quick access to the Florida Turnpike, the 429, and of course, just minutes from Orlando's area attractions. Shopping at Aldi, or Publix is a breeze as they are less than 5 minutes from the home. Don't miss out on this fantastic opportunity to score a great home, at a fantastic value in the fastest growing region of Central Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$229,000
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 | $183,200 | $183,200 | $183,200 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $222 | $222 | $222 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,143 | $1,203 | $1,534 |
Total Monthly Payment | $1,440 | $1,500 | $1,831 |
* 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.