Waldorf, MD
VENICE MODEL NOW OPEN! 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 $15,000 closing cost assistance AND a free rec room! ‡
MODEL HOME INVESTMENT OPPORTUNITY:
The Venice - $299,990. Up to 2% toward closing costs w/ NVR Mortgage. 12 month initial lease term then month-to-month at $2200 per month with 20% down.Settle now! Call for details!
Situated just a short drive from our nation’s capital is Charles County’s most exciting new planned community. Ryan Homes at St. Charles offers you a resort style community that is both convenient and peaceful. If you’ve been waiting for a community that offers easy access to commuter routes, employment centers, and the entertainment opportunities of Washington DC but still want a relaxing place to call home, then your wait is over. Visit St. Charles today!
• Located in Waldorf, MD
• Up to 4 bedrooms and 3 bathrooms
• 2-car attached garage
• Community amenities include: Swimming Pool, Clubhouse, Tennis Courts, Walking Trails, Park, & Tot Lot
• Cul-de-sac and wooded sites available
• New elementary school in the community
• Minutes from shopping, dining, and commuter routes
**NEW HOMESITES JUST RELEASED**
Directions:
- From I-495 S take Exit 7A (Route 5 South) towards Waldorf
- Continue on Rte 5 S (it will merge with 301 S) for about 12.5 miles.
- Turn left following Rte 5 S towards Lexington Park/St. Mary’s and follow for 3 miles.
- Continue straight ahead (at Leanordtown Rd, Rte 5 becomes St. Charles Pkwy) for 2 miles.
- Make a left onto St. Andrews Dr into Sheffield Neighborhood.
- Turn Right onto Sheffield Cir around to view the Community Center, Pool, and Playground.
- Turn Right onto Kingsmill Ct and follow signs to model
‡ 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 $250's
Decorated Model
**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 3/12/2010 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: $259,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,100
Loan amount: $255,281
Up front mortgage insurance amount: $4,391
$321 (Principal)
+ $1,010 (Interest)
+ $260 (Property Tax Estimate)
+ $30 (Hazard Insurance Estimate)
+ $117 (PMI Estimate)
+ $00 (Condo Fees)
- $281 (1st Year Tax Savings Estimate)
-------------------
$1,458 : 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.