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Welcome to your new home in the Five Forks area! Located in the highly desirable Sparrows Point subdivision, this cozy home is waiting for someone to bring it back to life with a little love and care. While it does need some TLC, the bones are strong and the possibilities are endless. Featuring 3 bedrooms and 2 1/2 bathrooms, ideal for those looking to put their personal touch on it. There is also a rec room that could be used as a 4th bedroom. The backyard is a great space for outdoor entertaining or creating your own peaceful retreat. With the right vision, this home could be transformed into the perfect space for family living or a rewarding investment. Don’t miss out on the opportunity to make this home your own!
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Our Insurance Division:
$289,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $231,200 | $231,200 | $231,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $80 | $80 | $80 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,461 | $1,519 | $1,935 |
Total Monthly Payment | $1,616 | $1,674 | $2,090 |
* 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.