No money down available for this Waterfront home

By
Real Estate Broker Owner with Sonja Babic/PRIME Realty NC, LLC
                                                   FHA Down Payment Assistance Program           

This property just appraised at $280,000 witch gives buyer instant equity. FHA down payment assistance program lets you use that equity as your down payment and enables you to purchase your new waterfront home with minimal cash out of your pocket.  Check out this payment sheet, quite amazing!

   No Down Payment financing                        

    offered by Jason Wade with 

     

*Adjusted Purchase Price:

$277,235

Address:

 

110 Sailors Court

 

  

 

 

  

 

 

 

 

Financing Scenario

 

 

 

 

 

 

 

Program: 30 Year FHA Fixed Rate

97.75%

 

 

 

 

Percent Down Payment:

 

2.25%

 

 

 

 

Down Payment:

 

$6,238

 

 

 

 

Loan Amount:

 

$270,997

 

 

 

 

Intrest Rate:

 

6.250%

 

 

 

 

 

 

 

 

 

 

 

Payment P&I:

 

$1,668.58

 

 

 

 

Private Mortgage Insurance:

 

$112.91

 

 

 

 

Home Owner's Insurance:

 

$83.00

 

 

 

 

Flood Insurance

 

$100.00

 

 

 

 

Property Taxes:

 

$91.67

 

 

 

 

Home Owner's Dues

 

$0.00

 

 

 

 

Monthly Payments:

 

$2,056.16

 

 

 

 

 

 

 

 

 

 

 

Down Payment:

 

$6,237.79

 

 

 

 

Closing Costs:

 

$4,885.00

 

 

 

 

Escrows Taxes & Insurance:

 

$1,397.36

 

 

 

 

Less Seller Contributions & DPA (3%)

-$8,317.00

 

 

 

 

Total Cash needed for Closing:

$4,203.15

 

 

 

 

 

 

 

 

 

 

 

  EQUITY
         
ST
         
MORTGAGE

   "When Service Matters"

                Joel Gooch
             Mortgage Planner


            
Office (910) 793-9880
                  Fax (910) 793-8664
     Toll Free (800) 822-8886
www.equity1st mortgage.com

       894 S. Kerr Ave. Ste. 7
       Wilmington, NC 28403

 

*Adjusted Purchase Price to allow Down Payment Assistance - Call for Details!          (866) 402-1399   

 

 

 

 

 

 

 

 

 

● Rates subject to change and based on best credit scenario.

 

 

● Equal Housing Lender

 

● Taxes & insurance escrows are estimates

● Numerous programs available to fit your specific needs.

 

 

 

 

 Jason Wade,

Loan Officer 

1st Metropolitan Mortgage

Office: (910) 792-1399 or

             (866) 402-1399

Dedicated Mortgage Loan Officer Serving Homeowners in Eastern North Carolina. I Have the Ability Originate Loans in all 50 States! I look forward to earning your business.

 

                             110 Sailor Ct. $ 279,900

This waterfront home in move in condition is located in a established and desirable New Bern's neighborhood of River Bend. Excellent Elementary school, golf course and protected waterfront convenient to Trent River make this a fantastic location. Home is updated and in move in condition. It has three bedrooms, two bathrooms, Carolina room and screened porch. New laminate floors trough out the entire home. Large kitchen and open living area. Sunroom opens up in screened porch that goes out on the covered patio. Very easy and inviting floor plan. Oversized one car garage and a workshop as well as storage shed. House is very well appointed with a smaller and completely landscaped front yard but large and privet back yard. Something always blooming in this pretty yard. Bulkhead and dock inspected recently! Home is located on a low traffic cul-de-sac just a minute form River Bend Marina. Park your boat in your back yard and just relax!

Your North Carolina Broker
Sonja Babic
252-617-0861
http://www.sonjababic.com/  
Sonja Babic with Prudential Clear Water Realty is your New Bern and North Carolina Real Estate Broker! Looking for waterfront, historic or golf? We have it all! Conveniently located and with so much to offer
New Bern is a great place to work, play and retire!

Please contact me for more information's or to request your FREE info pack!

    

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Location:
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Anonymous
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Rainer
213,608
Lisa Friedman
Central New Jersey Real Estate
Alliance Realtors
Sonja - nice presentation. I like the way you laid everything out - very professional looking with the finances all worked out. Nice job.
March 25, 2008 05:52 PM
Rainmaker
153,479
Sonja Babic
New Bern NC, PRIME Realty NC, LLC
Sonja Babic/PRIME Realty NC, LLC
Lisa, Thank you very much! Financing side was done by AR friend Jason Wade, and now please go and sell it!!!!!
March 25, 2008 06:08 PM
Anonymous
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Rainmaker
153,479

Sonja Babic

New Bern NC, PRIME Realty NC, LLC
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Additional Information

New Bern North Carolina Real Estate Market and General Area Info by Sonja Babic real estate Broker with PRIME Realty & Development, LLC
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Sonja Babic, Real Estate Professional in New Bern