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The 2 Bedrooms 2 baths house has been professionally maintained and renovated by both the former owner and the present owner. Unfortunately, this owner has sustained serious medical issues and has to remain with his family. This one-of-a-kind manufactured home had all the ingredient to give the new owner a secure living. The property has sustained exterior damages, and the owner is offering refund at closing to cover the cost of the damages. The roof has been installed in 1014 and fixed from the last wind damages 2025. AC has been replaced 2024. Lake Frances has been voted by many to be the most sought-after community in Lake County known by the many festivities and positive projects. Lake Frances Estate with the City of Tavares is a golf cart community. You can take your golf cart to grocery shopping or even go downtown and see all the activities this city will deliver. From enjoying the fabulous sunset or visit the biggest assortment of restaurants downtown, you will always be happy in Tavares.
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Our Executive Mortgage Banker:
Our Insurance Division:
$169,900
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $135,920 | $135,920 | $135,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | $196 | $196 | $196 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $859 | $916 | $1,165 |
Total Monthly Payment | $1,130 | $1,187 | $1,436 |
* 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.