Upper Marlboro, MD
The Federal Tax Credit has been extended for a limited time. Both 1st time buyers and current home owners may benefit. Ask for details.
Purchase now and receive a FREE Finished Rec Room PLUS $10,000 toward closing costs. ‡
Introducing Oak Creek, Prince George’s County’s first gated country club community. Situated on 924 acres of historic land and including a 30-acre park, this resort-like neighborhood of new homes in Upper Marlboro offers a lifestyle like no other. Amenities include an 18-hole golf course, swimming pool, tennis courts, clubhouse and community center, as well as full-time concierge service and a private bus system to Metro.
• Located in Upper Marlboro
• Up to 5 bedrooms and up to 3 ½ bathrooms
• 2-car garage
• Majestic single-family homes with brick façade, hardwood foyer and all of today’s most sought-after appointments
• Breathtaking gated country club community situated on 924 acres of historic land
• Grand entrance marked by a lake and waterfall
• Amenities include: 18-hole golf course, swimming pool, tennis courts, clubhouse, community center
• Outdoor recreation within neighborhood includes 30-acre park and 6 miles of hiking and biking trails
• Full-time concierge service and private bus system to Metro
• Convenient to I-495 and I-95
Directions:
- From I-495/95 take exit 15A (Central Ave./214 East)
- Travel about 5 miles to a right turn onto Church Rd.
- Proceed 1.4 miles
- Follow signs to Visitor Center
- Sales Center is located in Visitor Center at 701 Bleak Hill Rd.
‡ 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 Mid $330'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: $335,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $11,760
Loan amount: $329,904
Up front mortgage insurance amount: $5,674
$415 (Principal)
+ $1,306 (Interest)
+ $336 (Property Tax Estimate)
+ $39 (Hazard Insurance Estimate)
+ $151 (PMI Estimate)
+ $00 (Condo Fees)
- $363 (1st Year Tax Savings Estimate)
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$1,884 : 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.