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Property Description
Cleared building lot in McClellanville's beautiful Historic District. Limited to a single bedroom home (septic permit in hand) due to size constraints. Pictures include the seller's plans for a 23'x33' home that will fit on the lot. There is room to go longer and you could also have a second floor / loft for additional space. A variance on the side setbacks was granted to the owners previously but expired, new owner could apply. * Elevation Certificate shows AE-15, but it has been reduced to AE-11. The Town of McClellanville requires 2 additional feet on top of that, so if base elevation is about 9', you could build on a 4' crawlspace. * Septic Permit still valid due to COVID extensions. * Construction requires town's Architectural Review Board approval.
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- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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