**SELLERS WILL CONTRIBUTE $10,000 FOR 2/1 MORTGAGE INTEREST RATE BUYDOWN OR TOWARDS BUYERS CLOSING COSTS/PREPAIDS WITH AN ACCEPTED OFFER** WHAT IS A 2/1 BUYDOWN? Mortgage loans available with interest rate reductions during the first two years are called 2/1 buydown programs. This means your interest rate will drop by 2% in the first year, 1% in the second year, and return to the full interest rate in the third year. EXAMPLE OF A 2/1 BUYDOWN! Assuming you qualify for a 30-year mortgage at 5% and the seller is proposing a 2/1 buydown, your interest rate would be 3% for the first year and 4% for the second. At the start of the third year, the interest rate on the loan would return to the original 5%. This means that if you borrowed $200,000 over 30 years, your monthly payment would be $843 in the first year and $955 in the second. At the end of the third year, it would increase to $1,074 and remain at that rate for the life of the loan. If you don’t account for the lender’s fee, this could save the borrower $4,198 using a 2/1 buydown. When interest rates fall, you can refinance at any time, but you do not want to miss this opportunity to save a ton of money on your monthly mortgage payment!! Florida living at it's BEST! Move in Ready! Well maintained one-story home offering 3 bedrooms, 2 full baths, 2 car garage, pond view and screened covered lanai.The home boasts an open concept living space which flows through the kitchen and living room area. The kitchen includes fantastic features such as a granite top center island, back-splash, upgraded expresso cabinets, granite counter tops and Whirlpool Stainless appliances. The master suite includes luxury vinyl plank flooring, private bathroom with granite counter tops, jack and jill sinks, tiled walk-in shower and a large walk-in closet. Bedrooms 2 & 3 are spacious with luxury vinyl plank flooring. Enjoy sunrise on the screened lanai with your cup of coffee or tea, setback relax and catch sunset with your favorite evening beverage! This home offers a community pool, basketball courts, a playground, dog park and a clubhouse! Ride bikes or walk the South Fork community! Perfectly nestled east of 301 at Big Bend to offer you ALL of the conveniences you are looking for and approx. 5 miles from Interstate 75. Travel to explore the beaches, Tampa & MacDill AFB! This home is conveniently close to schools, shopping, restaurants and entertainment with easy commute to TPA, PIE, or SRQ airport. Centex builder's 5 and 10 year home warranty remains with the home.