This home is an affordable housing unit with fixed sales price per Litchfield Housing Trust Inc. , available to first-time homebuyers only with specific income restrictions. To qualify, interested buyers must meet the income limits set at 80% of the Area Median Income, including a maximum household income of $91, 360 for a family of four, $82, 240 for a family of three, and $73, 120 for a family of two. Interested parties must apply to verify qualifications at litchfiedhousingtrust. com. $164 monthly land lease and common area mowing and snow plow. See housing application attached. Charming 3-bedroom, 2-bathroom home offering 1, 634 square feet of thoughtfully designed living space, located in a serene private development bordering 10 acres of open conservation land. Built to meet National Green Building Standards, this energy-efficient home comes equipped with active solar panels, luxury vinyl plank flooring, and modern energy-efficient appliances. ADA-compliant layout, featuring an electric forced hot air furnace with central air and electric hot water. The main floor offers a spacious bedroom with a walk-in closet and direct access to a full bath, providing convenience and ease of living. A covered front patio and an additional 9'x10' rear patio offer perfect spots for relaxing outdoors and enjoying the peaceful surroundings. Upstairs, you'll find two generously sized bedrooms, each with walk-in closets, and a full bath.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | 12.0 x 16.0 | Upper | |
Bedroom 2 | 12.0 x 16.0 | Upper | |
Dining Room | 13.0 x 10.0 | Main | |
Living Room | 12.0 x 16.0 | Main | |
Primary Bedroom | Full Bath | 13.0 x 12.0 | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $174,720 | $174,720 | $174,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $244 | $244 | $244 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,207 | $1,148 | $1,463 |
Total Monthly Payment | $1,526 | $1,467 | $1,782 |
* 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.