3/13/2010 8:26:10 PM

High Pointe

Barnegat Township, NJ

High Pointe Community

School District: Barnegat Township School District

Contact: (609) 698-2197

Location: (Directions)

Hours: Monday 12-6pm, Tuesday-Friday 10-6pm, Saturday & Sunday 11-6pm

$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners and Special Ryan Savings for EVERY Buyer! ‡


The name will make sense once you’ve experience High Pointe, a breathtaking community of single-family homes that will most certainly be the high point of all your home-buying experiences. Enjoy gracious living in meticulously crafted homes, while a central location places you within easy reach of the Garden State Parkway, Route 9 and the Jersey Shore. Come and see why High Pointe is one of Southern New Jersey's best new home communities.

• Located in Barnegat Township, NJ
• Up to 5 bedrooms and up to 3 ½ bathrooms
• Up to 2,680 square feet
• 2-car garage
• Stunning single-family homes with hardwood foyer and powder room, G.E.® appliances, a structural wiring package, sodded lawns and more
• Custom option include brick and stone fronts, a fireplace and upgraded cabinetry, countertops, flooring and appliances
• Sought-after Barnegat School District
• Easy access to the Garden State Parkway, Route 9 and the Jersey Shore

Directions:

From North take GSP to exit 67
-Right onto Lighthouse Dr
-Right at light 554/West Bay Ave
-Left at 2nd traffic light onto Barnegat Blvd
-Community 1/2 mile on right

From South take GSP to exit 63/Rt 72 E. to Rt 9 N.
-Left at light onto Barnegat Blvd
-Community on right (you will need to u-turn on Barnegat Blvd to get into community)


‡ 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 Upper $270's

**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.462%, 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 0.25 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 3/12/2010 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: $279,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 2.25%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.2%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,800
Loan amount: $274,919
Up front mortgage insurance amount: $4,728

  $346  (Principal)
+ $1,088  (Interest)
+ $525  (Property Tax Estimate)
+ $47  (Hazard Insurance Estimate)
+ $126  (PMI Estimate)
+ $00  (Condo Fees)
- $303  (1st Year Tax Savings Estimate)
-------------------
$1,829 : 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.