Special Financing Available! This Hamlet move in ready home offers VA buyers an incredible 4.25% first-year interest rate on a 5-year VA adjustable-rate mortgage (with veteran funding fee exemption). Rate fixed for 5 years, then adjusts annually with caps to protect against large increases. With interest rates projected to decline, buyers could refinance in the future to secure a lower fixed rate, maximizing long-term savings. ARM estimated monthly payment and APR example: A $629, 900 loan amount with a 30-year term at an interest rate of 4.250% with a down payment of 0% and no discount points purchased would result in an initial estimated monthly principal and interest payment of $3, 098.73 with an annual percentage rate (APR) of 5.072%. Estimated monthly payment and APR calculation are based on a fixed-rate period of five years that could change in interest rate every twelve months for the next 25 years. After the five-year introductory period: the APR is variable and is based upon an index plus a margin. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthly payment does not include amounts for taxes and insurance premiums. Adjustable-rate loans and rates are subject to change during the loan term. That change can increase or decrease your monthly payment.
