3/19/2010 9:24:59 PM

Spring Lake

Glen Allen, VA

Spring Lake Community

School District: Glen Allen School District

Contact: (804) 559-2725

Location: (Directions)

Hours: Mon 12-6, Tues- Fri 10-6, Sat 10-5, Sun 11-6

$8,000 in Closing Cost Assistance or a FREE Morning Room for a Limited Time! ‡


Spring Lake introduces homebuyers to a picturesque community where every want and need has been considered and accommodated. Spacious single-family homes offer elegant details and sumptuous comfort, while a highly convenient location with easy access to 1-95, I-295 and I-64 enhances the high quality of life. Enjoy a neighborhood where traditional family values meet modern conveniences – at an incredibly affordable price. Come and see why Spring Lake is one of Henrico County’s best new home communities.

Directions:

OFFSITE INFORMATION CENTER:

From I-295, take exit 41 (Route 301 N.).
-Continue on 301 to the fourth light.
-Turn left into community.
-Go straight and then turn right at the model home entrance.

-From I-95 take exit 82, US-301N/VA-2N
-Turn Left onto US-301N/VA-2N - Chamberlayne Rd.
-Turn Left onto Atlee Road
-Turn Right to Model

GPS Address: 8199 Belton Circle Mechanicville VA, 23116


‡ 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



Product: 30 Year Conventional
Sales Price: $229,990
Interest Rate: 4.875%
Downpayment: 5%
Property Tax Rate: 1%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.11%
PMI: 0.89%
Up Front MI: 0%
Downpayment Estimate: $11,500
Loan amount: $218,491
Up front mortgage insurance amount: $00

  $269  (Principal)
+ $888  (Interest)
+ $192  (Property Tax Estimate)
+ $21  (Hazard Insurance Estimate)
+ $162  (PMI Estimate)
+ $00  (Condo Fees)
- $247  (1st Year Tax Savings Estimate)
-------------------
$1,284 : 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.