Laurel, MD
CLOSEOUT SAVINGS! ONLY ONE HOMESITE REMAINING. FREE MORNING ROOM & FREE FINISHED BASEMENT on any floorplan! Ask about our Courtland special...$449,990 with all the bells & whistles. Call today! 301 498-5036 ‡
A prime Laurel location only adds to the allure of Laurel Ridge, a distinctive cul-de-sac enclave of elegant single family homes. Just minutes from Route 1, you are sure to appreciate your community's close proximity to shopping, restaurants, recreation and commuter routes. Why look anywhere else when the home you love is located exactly where you would want it to be?
• Located in Laurel, MD
• Up to 5 bedrooms and up to 3 baths
• Now offering the Renaissance floorplans
• Elegant single-family homes located on cul-de-sac homesites
• Distinctive cul-de-sac enclave with rolling hills, acres of open space and a tranquil atmosphere
• Minutes from everyday conveniences and commuter routes
• Convienent for Baltimore & DC commuters
Directions:
We are selling this homesite from The Oaklands:
-From I-95 to Route 198 East
- Turn right on Van Dusen Road
- Turn left on Contee Road proceed approx 1 mile
- Cross over Rte. 1
- Approx 1/4 mile- turn left into The Oaklands.
Model is on the right.
- Sales office on the right
‡ 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 Low $360's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, 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: $362,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.578%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $12,705
Loan amount: $356,415
Up front mortgage insurance amount: $6,130
$448 (Principal)
+ $1,411 (Interest)
+ $477 (Property Tax Estimate)
+ $42 (Hazard Insurance Estimate)
+ $163 (PMI Estimate)
+ $00 (Condo Fees)
- $392 (1st Year Tax Savings Estimate)
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$2,150 : 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.