Eureka Ranches II
This property consists of a total of 75 acres subdivided into 5 and 10 acres tracts, which HQR has being doing quite successfully for the past 38 years with the added incentive of seller financing, therefore the buyer does not need to qualify or pay points as customary. In this particular property for a short period of time we are offering 4.5% interest for the first 2 years, with payments of interest only at buyers option. Our regular terms are for up to 30 years, all with a balloon payment at the end of 10 years. All of our mortgages may be prepaid without penalty. Down payments start at only 5%. Prices start at $649,000.00 for 5 ac.
Note: This offering subject to errors, omissions, prior sales, or withdrawal withouth notice. NML148718W
Financing
| 5% Down | 30 Year Amortization | 10 Year Balloon | 9.45% Interest |
| 10% Down | 30 Year Amortization | 10 Year Balloon | 9.25% Interest |
| 15% Down | 30 Year Amortization | 10 Year Balloon | 8.95% Interest |
| 20% Down | 30 Year Amortization | 10 Year Balloon | 8.5% Interest |
| 20% Down | 10 Year Amortization | No Balloon | 8.25% Interest |
Buyer at time of closing will pay seller $450.00 for an up to date survey of each 5 acres purchased.
All of these mortgages require monthly payments of principle and interest, and are pre-payable at any time without penalty.
Partial additional payments of principle are also allowed without penalty. These payments will be reduced from the outstanding principle balance at the end of the mortgage and will not result in any reduction in the monthly amount of the mortgage payments.