Hanover, PA
1 ACRE HOMESITES JUST RELEASED!!
Included Morning Room or $8,000 Toward Closing Costs or Free Finished Basement! ‡
Please ask about The Estates at Reservoir Heights - One Acre Homesites Starting from $267,990!
Introducing a rare opportunity to enjoy a quaint country setting, a convenient location and stunning single-family homes – all at an incredibly affordable price! Reservoir Heights invites savvy homebuyers to discover a welcoming community that features picturesque homesites of up to 1 acre and well-appointed homes within 20 minutes of Westminster and 40 minutes from Owings Mills. Outdoor recreation, everyday conveniences and major roadways are all easily accessible, too.
• Located in Hanover, PA
• Up to 5 bedrooms and up to 5 bathrooms
• 2-car garage
• Outdoor recreation available at nearby Codorus State Park, Lake Harburg and Long Arm Reservoir
• Just 40 minutes from Owings Mills and 20 minutes from Westminster
• A short distance from Maryland state line
Model: 2000 Waterfall Drive, Hanover, PA 17331
GPS: 1977 Baltimore Pike, Hanover PA 17331
Directions:
-From I-695, Take I-795N. (Northwest Expressway) approx. 8 miles to Rt 30N.
-Proceed 19 miles on Rt 30N which becomes Rt 94N at MD/PA line.
-Proceed 4 miles and turn left onto Fairview Dr.
-Make first left onto Oak Hills Dr.
-Follow to a left onto Waterfall Dr and model on 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 Upper $230's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.875%, an APR not to exceed 5.574%, 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 3/9/2010 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: $239,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 1.86%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.2%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,400
Loan amount: $235,643
Up front mortgage insurance amount: $4,053
$290 (Principal)
+ $957 (Interest)
+ $372 (Property Tax Estimate)
+ $40 (Hazard Insurance Estimate)
+ $108 (PMI Estimate)
+ $00 (Condo Fees)
- $266 (1st Year Tax Savings Estimate)
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$1,501 : 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.