11/20/2009 6:09:55 PM
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Odessa National

Townsend, DE

School District: Appoquinimink School District

Contact: (302) 376-1992

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!** ‡


HOMESITE OF THE MONTH INCLUDES:
220 Alloway Place
Milan Model (base price $269,990)
-Elevation A with 4 bedrooms, 2.5 baths and 2-car garage
-3,245 square feet of living space included
-Finished Basement
-Morning Room
-2nd Floor Laundry Room and Double Walk-in Closets in the Owner's Suite
-Eat-In Kitchen with included Breakfast Bar
-9'First Floor Ceilings
-GE Appliance Package
Total Sales Price: $310,640
Total Savings: -($40,650)*
________________________________
NEW SALES PRICE: $269,990!

Bring your dream home and your dream lifestyle together at Odessa National. This premier 18-hole golf course community in Townsend offers residents elegant single-family homes and amenities that include a clubhouse with restaurant and bar, a fitness center, swimming pool, recreational athletic fields and more. A prime location just minutes from Route 1 contributes further to an outstanding quality of life.

• Located in Townsend, DE
• Up to 4 bedrooms and up to 4 ½ bathrooms
• Up to 2-car garage
• Luxurious single-family homes featuring 2 stories, spacious floorplans and today’s most sought-after features
• Custom options include a morning room, finished basement, luxury owner’s bathroom, bonus room, brick, partial stone or stucco front, hardwood and ceramic floors, gourmet kitchen with stainless steel appliances, fireplace and more
• Townsend's premiere golf community boasting a clubhouse with restaurant and bar, fitness center, swimming pool and recreational athletic fields.
• Desirable Appoquinimink School District
• Just minutes from Route 1 and the Delaware Beaches.

*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. **Savings vary by community. Available on new sales contracts through 11/30/09. Prior sales and homes under construction excluded. Cannot be combined with any other offers. Must use NVR Mortgage, Inc. to receive incentive. Prices, offers and financing subject to change without notice. See a Sales and Marketing Representative for details ***Home sale contingency program for move-up buyers available for a limited time when financing through NVR Mortgage, Inc. See a Sales and Marketing Representative for details.

Directions:

Currently Selling from Model in Odessa National- Tweedmore Section.
From I-95
-Take Rt 1S to exit 136 / Rt 299E.
-Follow to right on Rt 13 South
-Turn left on Fieldsboro Rd.
-Follow for 1/2 mile to a left onto North Odessa Blvd.
-At circle, make first right onto Tweedsmere Dr.
-Proceed to model ahead on right.

Address: 106 Tweedsmere Road Townsend, DE 19734


‡ 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 $220's

**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.5%, an APR not to exceed 5.247%, 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 0.875 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 11/20/2009 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: $229,990
Interest Rate: 4.5%
Downpayment: 3.5%
Property Tax Rate: 0.65%
Origination Fee: 1%
Discount Points: 0.875%
Hazard Insurance: 0.21%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,050
Loan amount: $225,824
Up front mortgage insurance amount: $3,884

  $297  (Principal)
+ $847  (Interest)
+ $125  (Property Tax Estimate)
+ $40  (Hazard Insurance Estimate)
+ $104  (PMI Estimate)
+ $00  (Condo Fees)
- $235  (1st Year Tax Savings Estimate)
-------------------
$1,177 : Estimated Monthly Payment