Frederick, MD
Ask about our outstanding VALUE PACKAGES! ‡
NEW SECTION OF FANTASTIC HOMESITES JUST RELEASED! Stop in today.
Now is the time to live without compromise - if the prime location doesn’t inspire you, the exceptional prices will! Clover Ridge is one of Frederick’s most sought-after communities, featuring spacious single-family homes, future amenites to include a swimming pool and a convenient Frederick location. Come see why Clover Ridge is Frederick, Maryland’s premier new home community!
• Located in Frederick, MD
• Up to 5 bedrooms
• From 2,000 up to 4,500+ square feet of living space
• Convenient to downtown Frederick, shopping, dining, and Frederick Community College
• Amenities planned: swimming pool, sidewalks and street lights
• Minutes from I-270 and I-70 for commuters and a short drive to the MARC Train Station
Directions:
From I-270 or I-70:
- Take Route 15 North
- Take Exit #16 Motter Ave./Opossumtown Pike
- Bear right onto Opossumtown Pike and proceed 2 miles
- Turn left onto Christopher's Crossing into Clover Ridge
- Continue to sales center at corner of Moran Drive
‡ This is a limited time offer and available only on new contracts when financing through NVR Mortgage. Please consult our sales representative for details.
Models Available
Starting from the Under $310's
Decorated Model
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, and 3.5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance, up front mortgage insurance premium and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 96.5%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 3/19/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year FHA
Sales Price: $309,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.85%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $10,850
Loan amount: $304,375
Up front mortgage insurance amount: $5,235
$383 (Principal)
+ $1,205 (Interest)
+ $478 (Property Tax Estimate)
+ $36 (Hazard Insurance Estimate)
+ $140 (PMI Estimate)
+ $00 (Condo Fees)
- $335 (1st Year Tax Savings Estimate)
-------------------
$1,906 : Estimated Monthly Payment
Federal tax credit up to $8,000 for first-time buyers and $6,500 for move-up buyers available on homes under contract as primary residences by 4/30/2010 and settled by 6/30/2010. $8,000 tax credit is for first-time buyers or those who have not owned a primary residence in 3 years. The $6,500 credit is Available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. Income limitations and other restrictions apply. We suggest you consult a Certified Public Accountant and IRS.gov for tax advice and official requirements. Prices, financing and other offers subject to change without notice. See sales representative for details.