Dover, DE
$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners and Special Ryan Savings for EVERY Buyer... Appliance Package Included!
Welcome to Senator’s Lake, an inviting neighborhood of spacious garage townhomes, with streets interlaced with two acres of open green space, next to Silver Lake in the heart of Dover. Delaware’s capitol city has never seen a community quite like this. Senator’s Lake townhomes are large – as are their back yards – yet the overall community has an intimate, cozy feeling. All the best of Dover is within minutes, from the corridors of power at Legislative Hall to the roar of engines at Dover International Raceway to shopping and entertainment at Dover Mall. Senator’s Lake – a capitol address! Come and see why Senator's Lake is one of Dover Delaware's best new home communities.
• Townhomes with up to 4 bedrooms and up to 3 1/2 baths on 3 levels
• Interior space that rivals single-family homes – up to 2,427 square feet
• 1-Car garages
• G.E.® appliances
• Many options for customization: finished recreation room, sunroom, bonus bedroom, luxury owner’s bath and more
• 2 Acres of community green space with a planned walking trail, park benches, and a gazebo
• Near shopping, dining and entertainment
• Next to picturesque Silver Lake
Directions:
Directions to Sales Office (located at Eden Hill)
-Take Rt 1 to Exit 104
-Cross over Route 13 and stay straight on Scarborough Road for approx. 3.5 miles. (Scarborough Rd becomes McKee Rd which turns into Saulsbury Rd)
-Left onto Wemyss Rd
-Right at circle
-Model on right
Directions to Community (No Sales Office On-Site)
-Take Rt 1 to Exit 104
-Left at traffic light onto Rt. 13 S. (Dupont Hwy)
-Continue 1.8 mi. to a right on State St N.
-Continue 0.5 mi. to a right onto Walker Rd.
-Make second right onto Silver Lake Blvd.
-Community is 0.25 mile ahead on the left.
Models Available
Starting from the Upper $190'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 3/15/2010 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: $199,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 0.6%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.21%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $7,000
Loan amount: $196,368
Up front mortgage insurance amount: $3,377
$247 (Principal)
+ $777 (Interest)
+ $100 (Property Tax Estimate)
+ $35 (Hazard Insurance Estimate)
+ $90 (PMI Estimate)
+ $00 (Condo Fees)
- $216 (1st Year Tax Savings Estimate)
-------------------
$1,033 : 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.