OFFERING 3.5% TO BUYERS AGENT AND $2000 REBATE TO BUYER UPON CLOSING --- PERFECTLY LOCATED SPACIOUS 2 BR / 2.5 BA Walk to the beach or harbor from this peaceful, sunlit townhome in beautifully maintained Creekside Townhouses (1239 Capitola Rd) two blocks from Jose Park, with easy access to Hwy 1. Enter this 1580 sq ft three story home on the open main level with flowing living / dining / kitchen area. Hardwood & tile floors, vaulted ceilings, skylights, fireplace and creek side views from two 16' balconies are just a few of the reasons you'll fall in love with this place. Two 250 sq ft + master bedrooms are 1 up & 1 down and have attached BA with large tubs, separate vanity areas and walk in closets. Recently renovated kitchen includes modern cabinets with granite countertops and Bosch dishwasher. Park in the attached one car garage (with attic storage area) and one additional space in patrolled, dedicated lot. 1764 Esperanza Ct. is a gem, located away from the street in this small, quiet complex (34 units - HOA fees $315 monthly). Meticulously cared for and owner occupied. This property may qualify for special financing options! Do you have limited funds for a down payment, but good income, employment history and decent credit? Would you like to receive a grant to be used for most of your down payment which is a gift, no repayment required? Is your gross annual income $102,960 or less? Based on a purchase price of $432,000 (or less), you could be eligible for a grant (free/gift) of nearly $13,000 towards your down payment or closing costs. With your down payment of $3,000, you could be eligible to receive a grant from a housing trust fund to be used to purchase this home. The grant never has to be repaid; the interest rate on the loan is a low rate fixed mortgage. There is no catch, you are required to meet minimum credit requirements, have annual income of less than $102,960 and be able to qualify for mortgage, tax , insurance and mortgage insurance payments with traditional underwriting requirements. ====================================== Do you have 5% to put down but can’t bear to pay mortgage insurance? What if you never had to pay mortgage insurance (MI)? Your monthly housing costs could be $250-$300 lower each month. Your required income to qualify would be substantially less compared to having monthly MI payments. You could apply the money you would have paid for mortgage insurance towards your loan balance and pay your loan off in less than 25 years. This property may be eligible for 95% financing without paying monthly mortgage insurance. How can that be? You’ve heard anytime you finance over 80% loan to value, you must have mortgage insurance to protect the lender. –That’s true. However, have a solution. We’ll pay a one-time premium to the mortgage underwriter and allow you to purchase this home with only 5% down and NO Monthly Mortgage Insurance payments! That saves you thousands of dollars each year for insurance that will never protect you. Credit, income and normal underwriting requirements apply. Neighborhood Description Walking distance to harbor, Twin Lakes Beach, Jose Park, Simpkin's Swim Center, grocery store
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